Maxlinear Inc (MXL) Files Form 4 Insider Selling : William Torgerson Sells 20,000 Shares

Maxlinear Inc (MXL): William Torgerson , VP/GM, Broadband Group of Maxlinear Inc sold 20,000 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $20.17 per share for a total value of $403,406.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Michael J. Lachance (Vice President, Operations) sold 30,000 shares at $19.45 per share price.On Apr 11, 2016, Curtis Ling (Chief Technical Officer) sold 1,200 shares at $19.01 per share price.Also, 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.

MaxLinear: On Wednesday, May 25, 2016 heightened volatility was witnessed in MaxLinear which led to swings in the share price. The shares opened for trading at $20.06 and hit $20.3925 on the upside , eventually ending the session at $20.15, with a gain of 0.85% or 0.17 points. The heightened volatility saw the trading volume jump to 11,97,794 shares. The 52-week high of the share price is $20.12 and the company has a market cap of $1,270 M . The 52-week low of the share price is at $9.

MaxLinear Money Flow Index Chart

Company has been under the radar of several Street Analysts.MaxLinear is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 24 from a previous price target of $22 .The Rating was issued on Apr 11, 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 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.

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