Maxlinear (MXL) Receives a Buy from Stifel Nicolaus

In a report released today, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on Maxlinear (MXL – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $18.51.

Svanberg covers the Technology sector, focusing on stocks such as ON Semiconductor, Marvell, and Microchip. According to TipRanks, Svanberg has an average return of 16.4% and a 64.19% success rate on recommended stocks.

Currently, the analyst consensus on Maxlinear is a Moderate Buy with an average price target of $21.33.

MXL market cap is currently $1.52B and has a P/E ratio of -20.60.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MXL in relation to earlier this year.

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Maxlinear (MXL) Company Description:

MaxLinear, Inc. engages in the provision of radio frequency, high-performance analog and mixed-signal communications systems-on-chip solutions for the connected home, wired and wireless infrastructure, and industrial and multi-market applications. Its products include cable broadband modems and gateways, wireline connectivity devices, radio frequency transceivers, fiber-optic modules, video set-top boxes and gateways, hybrid analog and digital televisions, direct broadcast satellite outdoor and indoor units, and power management and interface products. The company was founded by Kimihiko Imura, Curtis C. Ling and Kishore V. Seendripu on September 25, 2003 and is headquartered in Carlsbad, CA.