Analyst Rating Update on MaxLinear Inc (MXL)

MaxLinear Inc (NYSE:MXL) : 6 analysts are covering MaxLinear Inc (NYSE:MXL) and their average rating on the stock is 1.17, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. MaxLinear Inc (NYSE:MXL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

MaxLinear Inc (NYSE:MXL) stock is expected to deviate a maximum of $4.03 from the average target price of $22.25 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $27 and the most muted being $18.

For the current week, the company shares have a recommendation consensus of Buy.

MaxLinear Inc (NYSE:MXL): stock turned positive on Tuesday. Though the stock opened at $17.5, the bulls momentum made the stock top out at $17.94 level for the day. The stock recorded a low of $17.25 and closed the trading day at $17.51, in the green by 2.82%. The total traded volume for the day was 1,807,787. The stock had closed at $17.03 in the previous days trading.

In an insider trading activity, Walsh Brendan, officer (VP, Product Line Marketing) of Maxlinear Inc, unloaded 12,500 shares at an average price of $20.24 on June 10, 2016. The total amount of the transaction was worth $253,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

MaxLinear, Inc. is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company offers semiconductor products, such as RF Receivers, RF Receiver systems-on-chip (SoCs), Laser Modulator Drivers, Transimpedance Amplifiers, and Clock and Data Recovery Circuits. The Companys products receive and process RF and digital signals and enable the display of broadband video and data content in a range of electronic devices, including cable and terrestrial and satellite set top boxes, data over cable service interface specification (DOCSIS) data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, and optical modules for data center, metro, and long-haul transport network applications.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *