The stock of MaxLinear, Inc. (NYSE:MXL) hit a new 52-week high and has $32.78 target or 49.00% above today’s $22.00 share price. The 6 months bullish chart indicates low risk for the $1.43 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $32.78 price target is reached, the company will be worth $700.70M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 377,054 shares traded hands. MaxLinear, Inc. (NYSE:MXL) has risen 40.86% since April 19, 2016 and is uptrending. It has outperformed by 37.00% the S&P500.
MaxLinear, Inc. (NYSE:MXL) Ratings Coverage
Out of 9 analysts covering Maxlinear Inc. (NYSE:MXL), 9 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Maxlinear Inc. has been the topic of 16 analyst reports since September 17, 2015 according to StockzIntelligence Inc. On Wednesday, September 30 the stock rating was initiated by Roth Capital with “Buy”. The rating was initiated by Topeka Capital Markets on Friday, February 26 with “Buy”. The rating was maintained by Roth Capital with “Buy” on Wednesday, January 13. Needham maintained MaxLinear, Inc. (NYSE:MXL) rating on Tuesday, November 8. Needham has “Buy” rating and $22.50 price target. The firm earned “Buy” rating on Tuesday, February 9 by Stifel Nicolaus. The firm has “Buy” rating given on Wednesday, November 4 by Needham. TH Capital initiated it with “Buy” rating and $17 target price in Wednesday, September 30 report. The stock of MaxLinear, Inc. (NYSE:MXL) earned “Buy” rating by TH Capital on Wednesday, January 13. The stock of MaxLinear, Inc. (NYSE:MXL) has “Buy” rating given on Thursday, January 7 by Maxim Group. On Tuesday, August 9 the stock rating was maintained by Deutsche Bank with “Buy”.
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 decreased to 0.93 in 2016 Q2. Its down 0.58, from 1.51 in 2016Q1. The ratio dived, 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.
The New York-based Cornerstone Mgmt Ltd Liability Corporation has invested 0% in MaxLinear, Inc. (NYSE:MXL). Awm Inv has invested 0.85% of its portfolio in MaxLinear, Inc. (NYSE:MXL). Prudential Financial holds 0% of its portfolio in MaxLinear, Inc. (NYSE:MXL) for 52,883 shares. Wells Fargo Company Mn holds 1.34 million shares or 0.01% of its portfolio. State Street holds 1.21M shares or 0% of its portfolio. Guggenheim Limited Company holds 0% or 19,626 shares in its portfolio. Seven Eight Ltd Limited Liability Company owns 600 shares or 0% of their US portfolio. Federated Invsts Inc Pa, a Pennsylvania-based fund reported 10,723 shares. Amer International Grp Incorporated has 0% invested in the company for 32,155 shares. Marshall Wace Limited Liability Partnership, a United Kingdom-based fund reported 150,468 shares. Redwood Invs Limited Liability Corp accumulated 306,113 shares or 0.51% of the stock. Fmr Limited Liability Corp has invested 0% of its portfolio in MaxLinear, Inc. (NYSE:MXL). Mutual Of America Capital Mgmt Ltd Liability Corporation holds 379,563 shares or 0.15% of its portfolio. Rhumbline Advisers has 0% invested in the company for 54,942 shares. Clarivest Asset Mngmt Ltd Liability Com holds 0.01% of its portfolio in MaxLinear, Inc. (NYSE:MXL) for 22,700 shares.
Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 6 insider sales for $1.35 million net activity. Kwong Connie H. also sold $43,221 worth of MaxLinear, Inc. (NYSE:MXL) shares. Shares for $366,955 were sold by PARDUN THOMAS E on Friday, June 3. Another trade for 20,000 shares valued at $403,406 was made by Torgerson William on Wednesday, May 25. The insider WALSH BRENDAN sold $253,006. Shares for $387,036 were sold by CRADDOCK STEVEN on Wednesday, June 1.
Another recent and important MaxLinear, Inc. (NYSE:MXL) news was published by Fool.com which published an article titled: “Why Shares of MaxLinear, Inc. Jumped Today” on November 08, 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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