Maxlinear Inc (MXL) Files Form 4 Insider Selling : Steven Craddock Sells 18,770 Shares

Maxlinear Inc (MXL): Steven Craddock , director of Maxlinear Inc sold 18,770 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $20.62 per share for a total value of $387,035.53 , 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 26, 2016, Connie H. Kwong (Corporate Controller & PAO) sold 3,796 shares at $19.99 per share price.On May 26, 2016, William Torgerson (VP/GM, Broadband Group) sold 20,000 shares at $20.17 per share price.Also, 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.

MaxLinear: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in MaxLinear which led to swings in the share price. The shares opened for trading at $20.66 and hit $20.94 on the upside , eventually ending the session at $20.91, with a gain of 0.92% or 0.19 points. The heightened volatility saw the trading volume jump to 9,89,569 shares. The 52-week high of the share price is $20.94 and the company has a market cap of $1,318 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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