Shares of MaxLinear Inc. (NYSE:MXL) rose 8.5% on Friday . The company traded as high as $19.41 and last traded at $19.34, with a volume of 1,047,425 shares traded. The stock had previously closed at $17.82.

MXL has been the subject of a number of recent research reports. Deutsche Bank AG reiterated a “buy” rating and set a $22.00 price target (up previously from $20.00) on shares of MaxLinear in a research note on Wednesday, March 23rd. Zacks Investment Research cut shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Stifel Nicolaus reiterated a “buy” rating and set a $24.00 price target (up previously from $22.00) on shares of MaxLinear in a research note on Monday, April 11th. TheStreet upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of MaxLinear in a research note on Tuesday, May 10th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $19.33.

The stock’s 50-day moving average price is $19.38 and its 200 day moving average price is $17.14. The company’s market capitalization is $1.22 billion.

MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The company earned $102.70 million during the quarter, compared to the consensus estimate of $102.16 million. The firm’s quarterly revenue was up 190.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. Analysts forecast that MaxLinear Inc. will post $1.63 earnings per share for the current fiscal year.

In related news, VP William Torgerson sold 20,000 shares of MaxLinear stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $20.17, for a total value of $403,400.00. Following the completion of the sale, the vice president now owns 46,654 shares in the company, valued at $941,011.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Brendan Walsh sold 12,500 shares of MaxLinear stock in a transaction on Friday, June 10th. The stock was sold at an average price of $20.24, for a total transaction of $253,000.00. Following the completion of the sale, the vice president now owns 172,482 shares of the company’s stock, valued at approximately $3,491,035.68. The disclosure for this sale can be found here.

A number of hedge funds have added to or reduced their stakes in MXL. Deere & Co. raised its stake in MaxLinear by 0.7% in the fourth quarter. Deere & Co. now owns 141,379 shares of the company’s stock valued at $2,083,000 after buying an additional 961 shares during the last quarter. California State Teachers Retirement System raised its stake in MaxLinear by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 95,781 shares of the company’s stock valued at $1,411,000 after buying an additional 1,639 shares during the last quarter. Victory Capital Management Inc. raised its stake in MaxLinear by 15.9% in the fourth quarter. Victory Capital Management Inc. now owns 78,491 shares of the company’s stock valued at $1,156,000 after buying an additional 10,760 shares during the last quarter. Trexquant Investment LP raised its stake in MaxLinear by 62.5% in the fourth quarter. Trexquant Investment LP now owns 78,800 shares of the company’s stock valued at $1,161,000 after buying an additional 30,300 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in MaxLinear by 27.5% in the fourth quarter. California Public Employees Retirement System now owns 154,800 shares of the company’s stock valued at $2,280,000 after buying an additional 33,400 shares during the last quarter.

MaxLinear, Inc is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company offers semiconductor products, such as RF Receivers, RF Receiver systems-on-chip (SoCs), Laser Modulator Drivers, Transimpedance Amplifiers, and Clock and Data Recovery Circuits.

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