Susquehanna analyst Christopher Rolland reiterated a Hold rating on Maxlinear Inc (MXL) today and set a price target of $21. The company’s shares opened today at $20.99.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 9.2% and a 60.4% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Intel Corporation.
The word on The Street in general, suggests a Hold analyst consensus rating for Maxlinear Inc with a $24 average price target, implying a 14.3% upside from current levels. In a report released today, Roth Capital also maintained a Hold rating on the stock with a $23 price target.
See today’s analyst top recommended stocks >>
Based on Maxlinear Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $4.85 million. In comparison, last year the company had a net profit of $1.85 million.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
