Maxlinear (MXL) Receives a Hold from Susquehanna
Susquehanna analyst Christopher Rolland reiterated a Hold rating on Maxlinear today and set a price target of $45.00.
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According to TipRanks, Rolland is a top 100 analyst with an average return of 38.6% and a 65.67% success rate. Rolland covers the Technology sector, focusing on stocks such as STMicroelectronics, Texas Instruments, and Intel.
Currently, the analyst consensus on Maxlinear is a Strong Buy with an average price target of $44.92.
Based on Maxlinear’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $136.44 million and a GAAP net loss of $14.9 million. In comparison, last year the company earned a revenue of $92.17 million and had a GAAP net loss of $57.84 million
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MXL in relation to earlier this year.
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