Loop Capital Markets analyst Ananda Baruah maintained a Hold rating on Maxlinear (MXL – Research Report) today and set a price target of $21.00. The company’s shares closed yesterday at $20.93.
According to TipRanks, Baruah is a 5-star analyst with an average return of 11.4% and a 51.60% success rate. Baruah covers the Technology sector, focusing on stocks such as Super Micro Computer, Apple, and Maxlinear.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Maxlinear with a $24.25 average price target, a 15.86% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $20.00 price target.
The company has a one-year high of $35.09 and a one-year low of $13.43. Currently, Maxlinear has an average volume of 801.6K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MXL in relation to earlier this year.
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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.
