Notable Price Action: Does MaxLinear, Inc. Have Any Gas After Today’s Significant Increase?

Notable Price Action: Does MaxLinear, Inc. Have Any Gas After Today's Significant Increase?

The stock of MaxLinear, Inc. (NYSE:MXL) is a huge mover today! About 400,551 shares traded hands. MaxLinear, Inc. (NYSE:MXL) has risen 22.51% since March 1, 2016 and is uptrending. It has outperformed by 13.27% the S&P500.
The move comes after 8 months positive chart setup for the $1.36B company. It was reported on Oct, 4 by Barchart.com. We have $25.66 PT which if reached, will make NYSE:MXL worth $299.20 million more.

Analysts await MaxLinear, Inc. (NYSE:MXL) to report earnings on November, 1. They expect $0.32 earnings per share, 0.00% or $0.00 from last year’s $0.32 per share. MXL’s profit will be $20.69 million for 16.43 P/E if the $0.32 EPS becomes a reality. After $0.43 actual earnings per share reported by MaxLinear, Inc. for the previous quarter, Wall Street now forecasts -25.58% negative EPS growth.

MaxLinear, Inc. (NYSE:MXL) Ratings Coverage

Out of 8 analysts covering Maxlinear Inc. (NYSE:MXL), 8 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Maxlinear Inc. has been the topic of 14 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained MaxLinear, Inc. (NYSE:MXL) rating on Tuesday, August 9. Deutsche Bank has “Buy” rating and $25 price target. The firm has “Buy” rating given on Friday, February 26 by Topeka Capital Markets. The stock has “Buy” rating given by TH Capital on Wednesday, September 30. The rating was upgraded by Needham to “Buy” on Thursday, September 17. The stock of MaxLinear, Inc. (NYSE:MXL) has “Buy” rating given on Wednesday, January 13 by Roth Capital. Stifel Nicolaus maintained MaxLinear, Inc. (NYSE:MXL) on Tuesday, February 9 with “Buy” rating. The stock has “Buy” rating given by Roth Capital on Wednesday, September 30. Maxim Group maintained MaxLinear, Inc. (NYSE:MXL) rating on Thursday, January 7. Maxim Group has “Buy” rating and $19.0 price target. The company was maintained on Wednesday, January 13 by TH Capital. Needham maintained MaxLinear, Inc. (NYSE:MXL) on Wednesday, November 4 with “Buy” rating.

According to Zacks Investment Research, “MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Company’s integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinear’s current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California.”

Insitutional Activity: The institutional sentiment increased to 1.51 in Q2 2016. Its up 0.52, from 0.99 in 2016Q1. The ratio is positive, as 23 funds sold all MaxLinear, Inc. shares owned while 52 reduced positions. 34 funds bought stakes while 79 increased positions. They now own 46.30 million shares or 3.94% more from 44.55 million shares in 2016Q1.
Lpl Financial Llc, a California-based fund reported 33,214 shares. Kcg accumulated 0.02% or 49,682 shares. Alphamark Advsrs Limited Liability Corp last reported 0.47% of its portfolio in the stock. Moreover, Wellington Ltd Liability Partnership has 0% invested in MaxLinear, Inc. (NYSE:MXL) for 415,959 shares. Deere & has 87,630 shares for 0.08% of their US portfolio. Mackenzie Fincl has 170,104 shares for 0.02% of their US portfolio. Croft has 37,700 shares for 0.15% of their US portfolio. Tfs Cap Lc has invested 0.05% of its portfolio in MaxLinear, Inc. (NYSE:MXL). Elk Creek Partners Llc accumulated 2.60M shares or 3.4% of the stock. Federated Invsts Inc Pa accumulated 10,723 shares or 0% of the stock. Tudor Invest Corp Et Al holds 0.03% of its portfolio in MaxLinear, Inc. (NYSE:MXL) for 78,134 shares. State Street Corporation holds 0% or 1.21 million shares in its portfolio. Sei Invs owns 280 shares or 0% of their US portfolio. Clarivest Asset Mngmt Ltd Liability Com reported 22,700 shares or 0.01% of all its holdings. Nicholas Invest L P holds 219,885 shares or 0.27% of its portfolio.

Insider Transactions: Since April 8, 2016, the stock had 0 insider purchases, and 8 sales for $2.32 million net activity. Another trade for 3,796 shares valued at $75,893 was sold by Kwong Connie H.. On Wednesday, May 25 the insider Torgerson William sold $403,406. WALSH BRENDAN sold $253,006 worth of stock or 12,500 shares. On Friday, June 3 PARDUN THOMAS E sold $366,955 worth of the stock or 18,000 shares. $22,803 worth of MaxLinear, Inc. (NYSE:MXL) shares were sold by LING CURTIS. $583,632 worth of MaxLinear, Inc. (NYSE:MXL) shares were sold by LaChance Michael J.. CRADDOCK STEVEN also sold $387,036 worth of MaxLinear, Inc. (NYSE:MXL) on Wednesday, June 1.

More notable recent MaxLinear, Inc. (NYSE:MXL) news were published by: Fool.com which released: “Why MaxLinear Inc. Stock Soared Today” on May 10, 2016, also Fool.com with their article: “Is MaxLinear, Inc. a Buy?” published on March 24, 2016, Fool.com published: “Why MaxLinear Inc. Stock Popped Today” on February 09, 2016. More interesting news about MaxLinear, Inc. (NYSE:MXL) were released by: Fool.com and their article: “Why MaxLinear, Inc. Stock Popped Today” published on January 06, 2016 as well as Seekingalpha.com‘s news article titled: “MaxLinear: Buy On The Drop?” with publication date: August 12, 2016.

MXL Company Profile

MaxLinear, Inc., incorporated on September 25, 2003, is a well-known 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’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. The Company’s products 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. The Firm sells its products to original equipment manufacturers (OEMs) module makers and original design manufacturers (ODMs). The Firm offers semiconductor products, such as RF Receivers, RF Receiver systems-on-chip (SoCs), Laser Modulator Drivers, Transimpedance Amplifiers, and Clock and Data Recovery Circuits.

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