In a report issued on January 31, Tore Svanberg from Stifel Nicolaus reiterated a Buy rating on Maxlinear Inc (MXL), with a price target of $23. The company’s shares closed on Friday at $19.04.
According to TipRanks.com, Svanberg is a top 100 analyst with an average return of 15.3% and a 68.7% success rate. Svanberg covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Quantenna Communications, and Silicon Laboratories.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Maxlinear Inc with a $20.33 average price target.
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Based on Maxlinear Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $13.94 million. In comparison, last year the company had a GAAP net loss of $19.45 million.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, Michael Lachance, the VP Operations of MXL sold 50,000 shares for a total of $1,037,485.
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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.
