Maxlinear Inc (MXL) Files Form 4 Insider Selling : Michael J. Lachance Sells 30,000 Shares

Maxlinear Inc (MXL): Michael J. Lachance , Vice President, Operations of Maxlinear Inc sold 30,000 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were sold at $19.45 per share for a total value of $583,632.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 11, 2016, Curtis Ling (Chief Technical Officer) sold 1,200 shares at $19.01 per share price.On Mar 11, 2016, Brendan Walsh (VP, Product Line Marketing) sold 12,500 shares at $17.52 per share price.Also, On Nov 23, 2015, Madhukar Reddy (VP, Central Engineering) sold 43,054 shares at $16.26 per share price.On Nov 12, 2015, Michael J. Lachance (Vice President, Operations) sold 20,000 shares at $16.84 per share price.

Shares of MaxLinear (MXL) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.45 points or -2.31% at $19.05 with 11,61,166 shares getting traded. Post opening the session at $19.31, the shares hit an intraday low of $18.85 and an intraday high of $19.65 and the price vacillated in this range throughout the day. The company has a market cap of $1,201 M and the number of outstanding shares has been calculated to be 6,30,44,947 shares. The 52-week high of MaxLinear is $19.705 and the 52-week low is $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 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 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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