Shares of MaxLinear Inc. (NYSE:MXL) gapped up prior to trading on Monday . The stock had previously closed at $17.93, but opened at $18.05. MaxLinear shares last traded at $18.62, with a volume of 1,046,750 shares trading hands.

A number of analysts recently weighed in on MXL shares. Needham & Company LLC restated a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of MaxLinear in a research note on Sunday, July 10th. Zacks Investment Research downgraded MaxLinear from a “hold” rating to a “sell” rating in a research note on Saturday, April 23rd. Deutsche Bank AG restated a “buy” rating and issued a $22.00 price target on shares of MaxLinear in a research note on Wednesday, June 15th. TheStreet upgraded MaxLinear from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. Finally, Stifel Nicolaus decreased their price target on MaxLinear from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. MaxLinear currently has a consensus rating of “Buy” and an average target price of $21.00.

The firm has a 50-day moving average price of $19.93 and a 200-day moving average price of $18.22. The company has a market capitalization of $1.19 billion and a P/E ratio of 32.90.

MaxLinear (NYSE:MXL) last announced its quarterly earnings results 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 analyst estimates of $101.94 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up 43.6% compared to the same quarter last year. Equities analysts anticipate that MaxLinear Inc. will post $1.75 EPS for the current year.

In related news, VP Brendan Walsh sold 12,500 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 172,482 shares of the company’s stock, valued at approximately $3,491,035.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP William Torgerson sold 20,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 46,654 shares of the company’s stock, valued at $941,011.18. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of the company. 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 period. Argent Capital Management LLC raised its position in shares of MaxLinear by 16.0% in the fourth quarter. Argent Capital Management LLC now owns 237,900 shares of the company’s stock worth $3,504,000 after buying an additional 32,750 shares during the period. Trexquant Investment LP raised its position 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 period. Wells Fargo & Company MN raised its position in shares of MaxLinear by 5.8% in the fourth quarter. Wells Fargo & Company MN now owns 795,138 shares of the company’s stock worth $11,713,000 after buying an additional 43,684 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of MaxLinear during the fourth quarter worth about $1,218,000.

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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