MaxLinear Inc. (NYSE:MXL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.15 and last traded at $20.85, with a volume of 757,124 shares. The stock had previously closed at $20.53.

Several equities research analysts have issued reports on MXL shares. Deutsche Bank AG reaffirmed 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 lowered MaxLinear from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Stifel Nicolaus reaffirmed 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. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price target (up previously from $20.00) on shares of MaxLinear in a research note on Sunday, July 10th. Finally, TheStreet raised MaxLinear from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $19.56.

The stock’s 50-day moving average price is $19.57 and its 200 day moving average price is $17.45. The firm’s market cap is $1.33 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 the Zacks’ consensus estimate of $0.45 by $0.02. The business earned $102.70 million during the quarter, compared to analysts’ expectations of $102.16 million. During the same quarter in the previous year, the company posted $0.09 EPS. The company’s quarterly revenue was up 190.1% on a year-over-year basis. Analysts forecast that MaxLinear Inc. will post $1.65 earnings per share for the current year.

In other MaxLinear news, VP Brendan Walsh sold 12,500 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $20.24, for a total value of $253,000.00. Following the completion of the sale, the vice president now owns 172,482 shares in the company, valued at approximately $3,491,035.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas E. Pardun sold 18,000 shares of the stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $20.39, for a total value of $367,020.00. Following the completion of the sale, the director now owns 84,252 shares of the company’s stock, valued at approximately $1,717,898.28. The disclosure for this sale can be found here.

Other large investors have modified their holdings of the company. Deere & Co. raised its stake in shares of 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. California State Teachers Retirement System raised its position in shares of MaxLinear by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 95,781 shares of the company’s stock worth $1,411,000 after buying an additional 1,639 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of MaxLinear during the fourth quarter worth $1,457,000. Turner Investments L.P. raised its position in shares of 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. Finally, GSA Capital Partners LLP raised its position in shares of MaxLinear by 56.4% in the fourth quarter. GSA Capital Partners LLP now owns 112,297 shares of the company’s stock worth $1,654,000 after buying an additional 40,505 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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