MaxLinear Inc. (NYSE:MXL)’s share price was up 8.5% on Friday . The stock traded as high as $19.41 and last traded at $19.34, with a volume of 1,047,425 shares changing hands. The stock had previously closed at $17.82.

Several equities analysts have weighed in on MXL shares. Deutsche Bank AG reissued a “buy” rating and issued a $22.00 target price (up previously from $20.00) on shares of MaxLinear in a research note on Wednesday, March 23rd. Zacks Investment Research lowered MaxLinear from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Stifel Nicolaus reissued a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of MaxLinear in a research note on Monday, April 11th. TheStreet raised MaxLinear from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. Finally, Needham & Company LLC reissued a “buy” rating on shares of MaxLinear in a research note on Tuesday, May 10th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.33.

The stock has a 50-day moving average price of $19.40 and a 200-day moving average price of $17.18. The stock’s market capitalization is $1.23 billion.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm had revenue of $102.70 million for the quarter, compared to the consensus estimate of $102.16 million. The company’s revenue was up 190.1% on a year-over-year basis. Analysts anticipate that MaxLinear Inc. will post $1.64 EPS for the current year.

In other MaxLinear news, insider Connie H. Kwong sold 3,796 shares of the company’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $19.99, for a total value of $75,882.04. Following the sale, the insider now owns 2,470 shares in the company, valued at approximately $49,375.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP William Torgerson sold 20,000 shares of the company’s stock in a transaction dated 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 approximately $941,011.18. The disclosure for this sale can be found here.

Other large investors recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in MaxLinear by 473.0% in the fourth quarter. Morgan Stanley now owns 632,662 shares of the company’s stock worth $9,319,000 after buying an additional 522,245 shares during the period. Columbus Circle Investors raised its stake in MaxLinear by 61.6% in the fourth quarter. Columbus Circle Investors now owns 879,107 shares of the company’s stock worth $12,949,000 after buying an additional 334,977 shares during the period. American Century Companies Inc. bought a new stake in MaxLinear during the fourth quarter worth approximately $2,968,000. Turner Investments L.P. raised its stake in MaxLinear by 314.3% in the fourth quarter. Turner Investments L.P. now owns 145,000 shares of the company’s stock worth $2,136,000 after buying an additional 110,000 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in MaxLinear during the fourth quarter worth approximately $1,457,000.

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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