MaxLinear Inc. (NYSE:MXL) shares gapped up before the market opened on Tuesday . The stock had previously closed at $21.78, but opened at $21.81. MaxLinear shares last traded at $22.10, with a volume of 658,971 shares traded.

Several research analysts have issued reports on the stock. Deutsche Bank AG restated a “buy” rating and set a $30.00 price target (up previously from $22.00) on shares of MaxLinear in a report on Monday. Zacks Investment Research upgraded shares of MaxLinear from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, July 21st. Needham & Company LLC reiterated 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, July 10th. TheStreet upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. Finally, Stifel Nicolaus reiterated 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. Eleven analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $21.56.

The company has a 50 day moving average of $19.67 and a 200-day moving average of $17.70. The firm’s market capitalization is $1.41 billion.

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

In other news, VP Michael J. Lachance sold 30,000 shares of MaxLinear stock in a transaction 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 owns 71,396 shares in the company, valued at approximately $1,388,652.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $253,000.00. Following the transaction, the vice president now owns 172,482 shares in the company, valued at approximately $3,491,035.68. The disclosure for this sale can be found here.

Several hedge funds have modified their holdings of the company. Trexquant Investment LP increased its stake in shares of 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 acquired a new stake in shares of MaxLinear during the fourth quarter worth about $1,218,000. Deere & Co. increased 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. Victory Capital Management Inc. increased its stake in shares of 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. increased its stake 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.

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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