Roth Capital analyst Sujeeva De Silva reiterated a Hold rating on Maxlinear Inc (NYSE: MXL) yesterday and set a price target of $17. The company’s shares closed yesterday at $17.90.
According to TipRanks.com, Silva is a 5-star analyst with an average return of 17.8% and a 64.8% success rate. Silva covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Quantenna Communications, and Akoustis Technologies.
Maxlinear Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.50.
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Based on Maxlinear Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $1.85 million. In comparison, last year the company had a net profit of $10.97 million.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.
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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.
