MaxLinear Stock Rating Reaffirmed by Deutsche Bank (MXL)
MaxLinear (NYSE:MXL)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Friday, Stock Ratings Network reports. They currently have a $10.00 price objective on the stock. Deutsche Bank’s target price points to a potential upside of 16.01% from the stock’s previous close.
MaxLinear (NYSE:MXL) traded up 0.93% during mid-day trading on Friday, hitting $8.70. 291,629 shares of the company’s stock traded hands. MaxLinear has a 52-week low of $4.50 and a 52-week high of $8.80. The stock has a 50-day moving average of $7.95 and a 200-day moving average of $6.76. The company’s market cap is $300.1 million.
MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.05. The company had revenue of $29.80 million for the quarter, compared to the consensus estimate of $28.50 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Analysts expect that MaxLinear will post $0.32 EPS for the current fiscal year.
A number of other firms have also recently commented on MXL. Analysts at Needham & Company raised their price target on shares of MaxLinear (NYSE:MXL) from $9.00 to $12.00 in a research note to investors on Friday. They now have a “strong-buy” rating on the stock. Separately, analysts at Benchmark Co. initiated coverage on shares of MaxLinear (NYSE:MXL) in a research note to investors on Friday, September 6th. They set a “buy” rating and a $11.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of MaxLinear (NYSE:MXL) from $9.00 to $10.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. MaxLinear presently has a consensus rating of “Buy” and an average target price of $10.75.
In other MaxLinear news, VP Justin Scarpulla sold 8,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $8.48, for a total value of $67,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
MaxLinear, Inc operates as a fabless communications Integrated Circuit company. The Company is creating solutions for wireless and wire-line applications (NYSE:MXL).
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