Susquehanna analyst Christopher Rolland reiterated a Hold rating on Maxlinear Inc (NYSE: MXL) today and set a price target of $18. The company’s shares opened today at $19.41.
According to TipRanks.com, Rolland is a 4-star analyst with an average return of 6.7% and a 56.5% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Power Integrations, and Texas Instruments.
Currently, the analyst consensus on Maxlinear Inc is a Moderate Buy with an average price target of $19.25.
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The company has a one-year high of $28.06 and a one-year low of $14.87. Currently, Maxlinear Inc has an average volume of 842.2K.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MXL in relation to earlier this year.
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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.
