Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Maxlinear (MXL – Research Report) today and set a price target of $28.00. The company’s shares closed yesterday at $22.28.
Svanberg covers the Technology sector, focusing on stocks such as Semtech, Microchip, and ON Semiconductor. According to TipRanks, Svanberg has an average return of 16.9% and a 63.98% success rate on recommended stocks.
Maxlinear has an analyst consensus of Moderate Buy, with a price target consensus of $24.75, representing an 11.09% upside. In a report released on January 16, Susquehanna also maintained a Buy rating on the stock with a $25.00 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.
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