Needham Keeps a Hold Rating on Maxlinear Inc (MXL)


In a report issued on July 26, Quinn Bolton from Needham maintained a Hold rating on Maxlinear Inc (MXL). The company’s shares closed on Friday at $23.21.

According to TipRanks.com, Bolton is a top 100 analyst with an average return of 18.0% and a 69.4% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Applied Materials Inc, and Ultra Clean Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Maxlinear Inc with a $23.50 average price target, a 1.2% upside from current levels. In a report issued on July 26, Deutsche Bank also maintained a Hold rating on the stock with a $25 price target.

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Based on Maxlinear Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.23 million. In comparison, last year the company had a GAAP net loss of $14.42 million.

Based on the recent corporate insider activity of 75 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.

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