Susquehanna analyst Christopher Rolland reiterated a Hold rating on Maxlinear Inc (MXL) today and set a price target of $20. The company’s shares opened today at $19.99.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 8.3% and a 60.2% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Synaptics Inc, and Microchip.
Maxlinear Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21, a 5.1% upside from current levels. In a report released today, Deutsche Bank also maintained a Hold rating on the stock with a $20 price target.
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The company has a one-year high of $26.03 and a one-year low of $14.87. Currently, Maxlinear Inc has an average volume of 535.3K.
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.
