MaxLinear Inc. (NYSE:MXL) has received an average rating of “Buy” from the ten research firms that are currently covering the firm. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $22.10.

A number of analysts have recently commented on MXL shares. Stifel Nicolaus dropped their price target on MaxLinear from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $21.00 price target on shares of MaxLinear in a research report on Tuesday, August 9th. Deutsche Bank AG dropped their price target on MaxLinear from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Zacks Investment Research cut MaxLinear from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Finally, Chardan Capital reissued a “buy” rating on shares of MaxLinear in a research report on Wednesday, November 2nd.

TRADEMARK VIOLATION NOTICE: This story was posted by Financial Market News and is the propert of of Financial Market News. If you are viewing this story on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this story can be read at http://www.financial-market-news.com/analysts-set-maxlinear-inc-mxl-target-price-at-22-10/1209811/.

In related news, insider Connie H. Kwong sold 2,009 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $21.51, for a total value of $43,213.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.48% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its position in MaxLinear by 2.2% in the first quarter. BlackRock Fund Advisors now owns 1,420,080 shares of the company’s stock valued at $26,271,000 after buying an additional 30,423 shares during the last quarter. Columbus Circle Investors boosted its position in MaxLinear by 12.4% in the second quarter. Columbus Circle Investors now owns 987,216 shares of the company’s stock valued at $17,750,000 after buying an additional 108,879 shares during the last quarter. BlackRock Group LTD boosted its position in MaxLinear by 62.1% in the first quarter. BlackRock Group LTD now owns 45,391 shares of the company’s stock valued at $839,000 after buying an additional 17,382 shares during the last quarter. Swiss National Bank boosted its position in MaxLinear by 6.4% in the second quarter. Swiss National Bank now owns 92,973 shares of the company’s stock valued at $1,672,000 after buying an additional 5,600 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in MaxLinear by 1.7% in the second quarter. California Public Employees Retirement System now owns 171,300 shares of the company’s stock valued at $3,080,000 after buying an additional 2,900 shares during the last quarter. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

MaxLinear (NYSE:MXL) opened at 21.38 on Friday. The stock has a market capitalization of $1.38 billion, a PE ratio of 31.44 and a beta of 0.85. MaxLinear has a 12 month low of $12.67 and a 12 month high of $22.85. The stock has a 50 day moving average price of $20.31 and a 200 day moving average price of $19.83.

MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. MaxLinear had a return on equity of 34.63% and a net margin of 10.72%. The firm had revenue of $96.30 million for the quarter, compared to analysts’ expectations of $16.14 million. During the same period in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts forecast that MaxLinear will post $1.77 earnings per share for the current fiscal year.

About MaxLinear

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.

5 Day Chart for NYSE:MXL

Receive News & Ratings for MaxLinear Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MaxLinear Inc. and related companies with MarketBeat.com's FREE daily email newsletter.