MaxLinear Inc (MXL) : During the past 4 weeks, traders have been relatively bearish on MaxLinear Inc (MXL), hence the stock is down -12.98% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -16.29% relative to the S&P 500. The 4-week change in the price of the stock is -12.08% and the stock has fallen -16.24% in the past 1 week.
The stock has recorded a 20-day Moving Average of 13.73% and the 50-Day Moving Average is 9.66%. MaxLinear Inc (NYSE:MXL): stock turned positive on Friday. Though the stock opened at $17.65, the bulls momentum made the stock top out at $18.05 level for the day. The stock recorded a low of $17.61 and closed the trading day at $18.05, in the green by 2.38%. The total traded volume for the day was 1,553,608. The stock had closed at $17.63 in the previous days trading.
The company Insiders own 12.48% of MaxLinear Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.21% . Institutional Investors own 73.94% of MaxLinear Inc shares. During last six month period, the net percent change held by insiders has seen a change of -18.11%. Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of MaxLinear Inc (NYSE:MXL). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $25 per share from a prior target of $30. The rating by the firm was issued on August 9, 2016.
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.