Deutsche Bank Maintains MaxLinear to Buy with Price Target $25.00

Brokerage firm Deutsche Bank Maintains its rating on MaxLinear(NYSE:MXL). In a research note issued to the investors, the brokerage major Lowers the price-target to $25.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 9, 2016.

In a different note, On Jul 25, 2016, Deutsche Bank said it Maintains its rating on MaxLinear. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Buy’ by the firm.

MaxLinear (MXL) shares turned negative on Wednesdays trading session with the shares closing down -0.45 points or -2.42% at a volume of 13,93,688. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.6. The peak price level was also seen at $18.6 while the days lowest was $17.96. Finally the shares closed at $18.15. The 52-week high of the shares is $22.5 while the 52-week low is $9.07. According to the latest information available, the market cap of the company is $1,162 M.

MaxLinear(MXL) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $101.69M. Analysts had an estimated revenue of $101.94M. Earnings per share were $0.50. Analysts had estimated an EPS of $0.44.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Brendan Walsh (VP, Product Line Marketing) sold 12,500 shares at $20.24 per share price.Also, On Jun 6, 2016, Thomas E Pardun (director) sold 18,000 shares at $20.39 per share price.On Jun 1, 2016, Steven Craddock (director) sold 18,770 shares at $20.62 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 *