Shares of MaxLinear Inc. (NYSE:MXL) gapped up prior to trading on Monday . The stock had previously closed at $19.17, but opened at $19.50. MaxLinear shares last traded at $20.13, with a volume of 674,875 shares trading hands.

MXL has been the subject of a number of research reports. Deutsche Bank AG reiterated a “buy” rating and issued a $22.00 price target on shares of MaxLinear in a report on Thursday, April 14th. Zacks Investment Research lowered MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 12th. Needham & Company LLC reissued a “buy” rating and issued a $21.00 price objective (up previously from $20.00) on shares of MaxLinear in a research note on Sunday. Stifel Nicolaus reissued a “buy” rating and issued a $24.00 price objective (up previously from $22.00) on shares of MaxLinear in a research note on Monday, April 11th. Finally, TheStreet raised shares of MaxLinear from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $19.56.

The stock has a 50-day moving average price of $19.42 and a 200 day moving average price of $17.24. The firm’s market cap is $1.28 billion.

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

In related news, VP William Torgerson sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $20.17, for a total transaction of $403,400.00. Following the completion of the transaction, the vice president now owns 46,654 shares of the company’s stock, valued at approximately $941,011.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael J. Lachance sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $19.45, for a total transaction of $583,500.00. Following the transaction, the vice president now directly owns 71,396 shares of the company’s stock, valued at approximately $1,388,652.20. The disclosure for this sale can be found here.

Several institutional investors recently bought and sold shares of MXL. Trexquant Investment LP boosted its position in MaxLinear by 62.5% in the fourth quarter. Trexquant Investment LP now owns 78,800 shares of the company’s stock worth $1,161,000 after buying an additional 30,300 shares during the last quarter. Marshall Wace LLP bought a new position in MaxLinear during the fourth quarter worth $1,218,000. Deere & Co. boosted its position in MaxLinear by 0.7% in the fourth quarter. Deere & Co. now owns 141,379 shares of the company’s stock worth $2,083,000 after buying an additional 961 shares during the last quarter. Victory Capital Management Inc. boosted its position in MaxLinear by 15.9% in the fourth quarter. Victory Capital Management Inc. now owns 78,491 shares of the company’s stock worth $1,156,000 after buying an additional 10,760 shares during the last quarter. Finally, Turner Investments L.P. boosted its position 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 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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