Stifel Nicolaus Sticks to Their Buy Rating for Maxlinear (MXL)

Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Maxlinear today and set a price target of $23.00.

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Svanberg covers the Technology sector, focusing on stocks such as Texas Instruments, Credo Technology Group Holding Ltd, and Marvell. According to TipRanks, Svanberg has an average return of 20.2% and a 59.60% success rate on recommended stocks.

In addition to Stifel Nicolaus, Maxlinear also received a Buy from TipRanks – Google’s Google Semiconductors in a report issued on March 14. However, on the same day, TipRanks – xAI reiterated a Hold rating on Maxlinear (NASDAQ: MXL).

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.