MaxLinear Inc. (NYSE:MXL) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.72 and last traded at $21.71, with a volume of 617,233 shares traded. The stock had previously closed at $21.10.

Several research analysts have issued reports on the stock. TheStreet raised shares of MaxLinear from a “hold” rating to a “buy” rating in a research report on Wednesday, May 25th. Zacks Investment Research raised shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Friday, May 13th. Deutsche Bank AG reissued a “buy” rating and set a $30.00 price objective (up from $22.00) on shares of MaxLinear in a research report on Monday. Needham & Company LLC reissued a “buy” rating on shares of MaxLinear in a research report on Tuesday, May 10th. Finally, Stifel Nicolaus restated 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. Eleven research analysts have rated the stock with a buy rating, MaxLinear currently has a consensus rating of “Buy” and an average price target of $21.56.

The stock’s market capitalization is $1.37 billion. The company has a 50 day moving average of $19.59 and a 200-day moving average of $17.55.

MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The company earned $102.70 million during the quarter, compared to analyst estimates of $102.16 million. The company’s revenue was up 190.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. On average, equities analysts expect that MaxLinear Inc. will post $1.65 earnings per share for the current fiscal year.

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

A number of hedge funds recently bought and sold shares of MXL. Deere & Co. boosted 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 in the last quarter. California State Teachers Retirement System boosted 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 in the last quarter. Turner Investments L.P. boosted 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 valued at $2,136,000 after buying an additional 110,000 shares in the last quarter. GSA Capital Partners LLP boosted its stake in MaxLinear by 56.4% in the fourth quarter. GSA Capital Partners LLP now owns 112,297 shares of the company’s stock valued at $1,654,000 after buying an additional 40,505 shares in the last quarter. Finally, Morgan Stanley boosted its stake in MaxLinear by 473.0% in the fourth quarter. Morgan Stanley now owns 632,662 shares of the company’s stock valued at $9,319,000 after buying an additional 522,245 shares in 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’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.

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