Susquehanna analyst Christopher Rolland reiterated a Hold rating on Maxlinear Inc (MXL) today and set a price target of $23. The company’s shares closed yesterday at $26.62, close to its 52-week high of $28.70.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 12.0% and a 65.9% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Power Integrations, and Texas Instruments.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Maxlinear Inc with a $24.20 average price target, which is a -9.1% downside from current levels. In a report issued on April 25, Roth Capital also maintained a Hold rating on the stock with a $28 price target.
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The company has a one-year high of $28.70 and a one-year low of $14.87. Currently, Maxlinear Inc has an average volume of 520.1K.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, Donald Schrock, a Director at MXL sold 34,575 shares for a total of $876,476.
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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.
