Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Maxlinear (MXL – Research Report) on October 27 and set a price target of $28.00. The company’s shares closed last Friday at $14.92.
According to TipRanks, Svanberg is a top 100 analyst with an average return of 15.2% and a 60.56% success rate. Svanberg covers the Technology sector, focusing on stocks such as Semtech, MACOM Technology Solutions Holdings, and Silicon Laboratories.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Maxlinear with a $25.20 average price target, implying a 68.90% upside from current levels. In a report released on October 26, Susquehanna also reiterated a Buy rating on the stock with a $30.00 price target.
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Based on Maxlinear’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $135.53 million and a GAAP net loss of $39.83 million. In comparison, last year the company earned a revenue of $285.73 million and had a net profit of $28.41 million
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Maxlinear (MXL) Company Description:
MaxLinear, Inc. engages in the provision of radio frequency, high-performance analog and mixed-signal communications systems-on-chip solutions for the connected home, wired and wireless infrastructure, and industrial and multi-market applications. Its products include cable broadband modems and gateways, wireline connectivity devices, radio frequency transceivers, fiber-optic modules, video set-top boxes and gateways, hybrid analog and digital televisions, direct broadcast satellite outdoor and indoor units, and power management and interface products. The company was founded by Kimihiko Imura, Curtis C. Ling and Kishore V. Seendripu on September 25, 2003 and is headquartered in Carlsbad, CA.
Read More on MXL:
- Microsoft upgraded, F5 Networks downgraded: Wall Street’s top analyst calls
- MaxLinear price target lowered to $20 from $23 at Deutsche Bank
- MaxLinear price target lowered to $20 from $25 at Craig-Hallum
- MaxLinear price target lowered to $20 from $25 at Northland
- MaxLinear price target lowered to $22 from $30 at Susquehanna
