A report released today by Zacks Investment Research about MaxLinear, Inc. (NYSE:MXL) raises the target price to $24.00
- Updated: October 11, 2016
Just yesterday MaxLinear, Inc. (NYSE:MXL) traded -4.21% lower at $20.49. The company’s 50-day moving average is $19.54 and its 200-day moving average is $19.16. The last stock close price is up 6.95% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,238,369 shares of the stock were exchanged, down from an average trading volume of 1,260,000
In a report announced on 10/12/2016 Zacks Investment Research upped the price target of MaxLinear, Inc. (NYSE:MXL) to $24.00 reporting a possible upside of 0.17%.
Previously on 8/09/2016, Stifel released a statement for MaxLinear, Inc. (NYSE:MXL) bumped down the target price from $26.00 to $24.00. At the time, this indicated a possible upside of 0.10%.
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With a total market value of $0, MaxLinear, Inc. has price-earnings ratio of 36.39 with a one year low of $12.12 and a one year high of $22.50 .
A total of 6 equity analysts have released a ratings update on the stock. 2 analysts rating the company a strong buy, five equity analysts rating the company a buy, zero brokerages rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $22.00.
About MaxLinear, Inc. (NYSE:MXL)
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'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 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.
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