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

MXL has been the topic of a number of analyst reports. Zacks Investment Research cut shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 12th. Stifel Nicolaus reissued a “buy” rating and set a $24.00 target price (up previously from $22.00) on shares of MaxLinear in a report on Monday, April 11th. Deutsche Bank AG reissued a “buy” rating and set a $22.00 target price on shares of MaxLinear in a report on Wednesday, June 15th. Needham & Company LLC reissued a “buy” rating and set a $21.00 target price (up previously from $20.00) on shares of MaxLinear in a report on Sunday, July 10th. Finally, TheStreet raised shares of MaxLinear from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Eleven analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $21.56.

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

MaxLinear (NYSE:MXL) last issued its earnings results on Monday, May 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company earned $102.70 million during the quarter, compared to analysts’ expectations of $102.16 million. During the same quarter in the prior year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 190.1% compared to the same quarter last year. Equities research analysts predict that MaxLinear Inc. will post $1.65 EPS for the current fiscal year.

In other MaxLinear 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 value of $403,400.00. Following the transaction, the vice president now directly owns 46,654 shares in the company, valued at $941,011.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the vice president now 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 and institutional investors have added to or reduced their stakes in MXL. Deere & Co. increased its position 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 during the last quarter. California State Teachers Retirement System increased its stake 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 valued at $1,411,000 after buying an additional 1,639 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 valued at $1,156,000 after buying an additional 10,760 shares during the last quarter. 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 valued at $1,161,000 after buying an additional 30,300 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of MaxLinear by 27.5% in the fourth quarter. California Public Employees Retirement System now owns 154,800 shares of the company’s stock valued at $2,280,000 after buying an additional 33,400 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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