MaxLinear, Inc. Common Stock (MXL)
MaxLinear, Inc. (MXL) is a provider of integrated radio-frequency (RF), analog, and digital semiconductor products for broadband communications, data centers, and enterprise networks. Established in 2003, the company designs solutions that enable high-speed connectivity for consumer, enterprise, and industrial applications, focusing on areas such as broadband access, video connectivity, 5G wireless infrastructure, and essential network infrastructure.
Company News
MaxLinear, Inc. (MXL) reported a 50% year-over-year decline in net revenue for Q2 2024, leading to a 26% drop in its stock price. The company attributed the decline to excess customer inventory and weakened demand. A securities fraud investigation has been launched, and investors who lost money are encouraged to contact the law firm Bleichmar Fonti & Auld LLP.
MaxLinear (MXL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
During the last three months, 4 analysts shared their evaluations of MaxLinear (NASDAQ:MXL), revealing diverse outlooks from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Analysts have set 12-month price targets for MaxLinear, revealing an average target of $27.0, a high estimate of $30.00, and a low estimate of $25.00. This upward trend is evident, with the current average reflecting a 5.88% increase from the previous average price target of $25.50. Diving into Analyst Ratings: An In-Depth Exploration In examining recent analyst actions, we gain insights into how financial experts perceive MaxLinear. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Quinn Bolton Needham Maintains Buy $25.00 - David Williams Benchmark Raises Buy $28.00 $23.00 Tim Savageaux Northland Capital Markets Announces Outperform $30.00 - Quinn Bolton Needham Lowers Buy $25.00 $28.00 Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MaxLinear. This information offers ...Full story available on Benzinga.com
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