MaxLinear (MXL) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 24 from a previous price target of $22 . Stifel advised their investors in a research report released on Apr 11, 2016.
Many Wall Street Analysts have commented on MaxLinear. Topeka Capital Markets Initiated MaxLinear on Feb 26, 2016 to “Buy”, Price Target of the shares are set at $20.Company shares were Reiterated by Stifel on Feb 9, 2016 to “Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .Company shares were Reiterated by ROTH Capital on Jan 13, 2016 to “Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $21 .
On the company’s financial health, MaxLinear reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Nov 3, 2015. Analyst had a consensus of $0.34. The company had revenue of $95.19 million for the quarter, compared to analysts expectations of $94.65 million. The company’s revenue was up 192.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
MaxLinear closed down -0.19 points or -1.04% at $18.12 with 7,50,395 shares getting traded on Monday. Post opening the session at $18.6, the shares hit an intraday low of $18.1 and an intraday high of $18.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Apr 6, 2016, Curtis Ling (Chief Technical Officer) sold 36,800 shares at $18.27 per share price. According to the SEC, on Mar 11, 2016, Brendan Walsh (VP, Product Line Marketing) sold 12,500 shares at $17.52 per share price. On Nov 23, 2015, Madhukar Reddy (VP, Central Engineering) sold 43,054 shares at $16.26 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.