Needham analyst Quinn Bolton reiterated a Buy rating on Maxlinear (NYSE:MXL) Inc on Tuesday, setting a price target of $33, which is approximately 55.66% above the present share price of $21.2.
Bolton expects Maxlinear Inc to post earnings per share (EPS) of -$0.21 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Maxlinear, with an average price target of $23.17.
The analysts price targets range from a high of $27 to a low of $20.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $62.03 million and a net profit of -$19.56 million. The company's market cap is $1.58 billion.
According to TipRanks.com, Needham analyst Quinn Bolton is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 30.1% and a 77.12% success rate.
MaxLinear, Inc. engages in the provision of radio frequency, high-performance analog and mixed-signal communications systems-on-chip solutions for the connected home, wired and wireless infrastructure, and industrial and multi-market applications. Its products include cable broadband modems and gateways, wireline connectivity devices, radio frequency transceivers, fiber-optic modules, video set-top boxes and gateways, hybrid analog and digital televisions, direct broadcast satellite outdoor and indoor units, and power management and interface products. The company was founded by Kimihiko Imura, Curtis C. Ling and Kishore V. Seendripu on September 25, 2003 and is headquartered in Carlsbad, CA.