Shares of MaxLinear Inc. (NYSE:MXL) shot up 3.4% on Wednesday . The company traded as high as $18.35 and last traded at $17.89, with a volume of 2,321,542 shares traded. The stock had previously closed at $17.30.

A number of research firms have recently weighed in on MXL. Deutsche Bank AG reissued a “buy” rating and issued a $30.00 price objective (up previously from $22.00) on shares of MaxLinear in a research report on Monday, July 25th. Needham & Company LLC reissued a “buy” rating and issued a $21.00 price objective on shares of MaxLinear in a research report on Tuesday. Stifel Nicolaus lowered their price objective on MaxLinear from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Investment Research raised MaxLinear from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, July 21st. Finally, TheStreet raised MaxLinear from a “hold” rating to a “buy” rating in a research report on Wednesday, May 25th. Eleven research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $21.00.

The firm’s 50-day moving average price is $20.05 and its 200-day moving average price is $18.14. The company has a market capitalization of $1.11 billion and a price-to-earnings ratio of 31.20.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $101.94 million. During the same period in the prior year, the company posted $0.21 EPS. The firm’s revenue was up 43.6% compared to the same quarter last year. Equities research analysts expect that MaxLinear Inc. will post $1.71 earnings per share for the current fiscal year.

In other news, VP Michael J. Lachance sold 30,000 shares of the company’s 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 sale, the vice president now owns 71,396 shares of the company’s stock, valued at $1,388,652.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William Torgerson sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was 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 in the company, valued at approximately $941,011.18. The disclosure for this sale can be found here.

A number of institutional investors have bought and sold shares of the stock. California State Teachers Retirement System raised its position 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 during the period. Argent Capital Management LLC raised its position in MaxLinear by 16.0% in the fourth quarter. Argent Capital Management LLC now owns 237,900 shares of the company’s stock valued at $3,504,000 after buying an additional 32,750 shares during the period. Morgan Stanley raised its position 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 during the period. Trexquant Investment LP raised its position in 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 period. Finally, Wells Fargo & Company MN raised its position in MaxLinear by 5.8% in the fourth quarter. Wells Fargo & Company MN now owns 795,138 shares of the company’s stock valued at $11,713,000 after buying an additional 43,684 shares during the period.

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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