Maxlinear (MXL) Receives a Hold from Susquehanna

Susquehanna analyst Christopher Rolland reiterated a Hold rating on Maxlinear (MXLResearch Report) on March 7 and set a price target of $70.00. The company’s shares closed last Tuesday at $54.10.

According to, Rolland is a top 25 analyst with an average return of 25.9% and a 74.3% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and NXP Semiconductors.

Maxlinear has an analyst consensus of Moderate Buy, with a price target consensus of $77.22.

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Based on Maxlinear’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $248 million and net profit of $28.18 million. In comparison, last year the company earned revenue of $195 million and had a GAAP net loss of $24.67 million.

Based on the recent corporate insider activity of 111 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MXL in relation to earlier this year.

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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. Its products include cable broadband modems and gateways, wireline connectivity devices, radio frequency transceivers, fiber-optic modules, video set-top boxes and gateways, hybrid analog and digital televisions, direct broadcast satellite outdoor and indoor units, and power management and interface products. The company was founded by Kimihiko Imura, Curtis C. Ling and Kishore V. Seendripu on September 25, 2003 and is headquartered in Carlsbad, CA.

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