MaxLinear Inc (MXL) Shares are Up 3.84%

MaxLinear Inc (MXL) : Traders are bullish on MaxLinear Inc (MXL) as it has outperformed the S&P 500 by a wide margin of 8.09% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.84% in the last 1 week, and is up 5.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.91% and the 50-Day Moving Average is 2.8%.The 200 Day SMA reached 8.31% MaxLinear, Inc. has dropped 0.16% during the last 3-month period . Year-to-Date the stock performance stands at 30.41%.


MaxLinear Inc (MXL) : 5 Wall Street analysts covering MaxLinear Inc (MXL) believe that the average level the stock could reach for the short term is $22.2. The maximum price target given is $25 and the minimum target for short term is around $18, hence the standard deviation is calculated at $3.03.

For the current week, the company shares have a recommendation consensus of Buy. MaxLinear Inc (NYSE:MXL): The stock opened at $19.54 and touched an intraday high of $19.54 on Friday. During the day, the stock corrected to an intraday low of $18.93, however, the bulls stepped in and pushed the price higher to close in the green at $19.21 with a gain of 0.37% for the day. The total traded volume for the day was 1,219,485. The stock had closed at $19.21 in the previous trading session.

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 Companys 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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