Maxlinear Inc (MXL) Files Form 4 Insider Selling : Curtis Ling Sells 1,200 Shares

Maxlinear Inc (MXL): Curtis Ling , Chief Technical Officer of Maxlinear Inc sold 1,200 shares on Apr 8, 2016. The Insider selling transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were sold at $19.01 per share for a total value of $22,803.00.

Company has been under the radar of several Street Analysts.MaxLinear is Initiated by Topeka Capital Markets to Buy and the brokerage firm has set the Price Target at $20. The Rating was issued on Feb 26, 2016.MaxLinear is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 22 from a previous price target of $20 .The Rating was issued on Feb 9, 2016.MaxLinear is Reiterated by ROTH Capital to Buy and the brokerage firm has raised the Price Target to $ 25 from a previous price target of $21 .The Rating was issued on Jan 13, 2016.

Currently the company Insiders own 20.06% of MaxLinear shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -6.53%.Institutional Investors own 75.8% of MaxLinear shares.During last six month period, the net percent change held by insiders has seen a change of -19.84%.

Shares of MaxLinear (MXL) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.19 points or -1.04% at $18.12 with 7,50,395 shares getting traded. 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 vacillated in this range throughout the day. The company has a market cap of $1,131 M and the number of outstanding shares has been calculated to be 6,24,17,586 shares. The 52-week high of MaxLinear is $19.0992 and the 52-week low is $8.4.

MaxLinear Money Flow Index Chart

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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