In a report released yesterday, Sujeeva De Silva from Roth Capital reiterated a Hold rating on Maxlinear Inc (MXL), with a price target of $20. The company’s shares closed yesterday at $19.74.
According to TipRanks.com, Silva is a 5-star analyst with an average return of 14.5% and a 59.9% success rate. Silva covers the Consumer Goods sector, focusing on stocks such as Smart Global Holdings Inc, Akoustis Technologies, and Silicon Laboratories.
Maxlinear Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.25.
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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.
