Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Maxlinear Inc before investing.

In this article, we go over a few key elements for understanding Maxlinear Inc’s stock price such as:

• Maxlinear Inc’s current stock price and volume
• Why Maxlinear Inc’s stock price changed recently
• Upgrades and downgrades for MXL from analysts
• MXL’s stock price momentum as measured by its relative strength

About Maxlinear Inc (MXL)

Before we jump into Maxlinear Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

MaxLinear, Inc. is a provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits for access and connectivity, wired and wireless infrastructure, and industrial and multi-market applications. It is engaged in providing communications systems-on-chip (SoC), solutions used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. Its customers include electronics distributors, module makers, original equipment manufacturers, and original design manufacturers, who incorporate its products in a range of electronic devices, such as broadband modems compliant with data over cable service interface specifications, passive optical network, and digital subscriber line; Wi-Fi and wireline routers for home networking; radio transceivers and modems for 4G/5G base-station and backhaul infrastructure; optical transceivers targeting hyperscale data centers; as well as power management and interface products used in markets.

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Maxlinear Inc’s Stock Price as of Market Close

As of June 21, 2024, 4:00 PM, CST, Maxlinear Inc’s stock price was $20.16.

Maxlinear Inc is up 5.94% from its previous closing price of $19.03.

During the last market session, Maxlinear Inc’s stock traded between $18.52 and $19.23. Currently, there are 82.35 million shares of Maxlinear Inc stock available for purchase.

Unfortunately, Maxlinear Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Maxlinear Inc Stock Price History

Maxlinear Inc’s (MXL) price is currently up 13.45% so far this month.

During the month of June, Maxlinear Inc’s stock price has reached a high of $20.17 and a low of $16.20.

Over the last year, Maxlinear Inc has hit prices as high as $35.09 and as low as $13.43. Year to date, Maxlinear Inc’s stock is down 40.62%.

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What Caused Maxlinear Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 20, 2024, there were 8 analysts who downgraded Maxlinear Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Maxlinear Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Maxlinear Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Maxlinear Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Maxlinear Inc (MXL) by visiting AAII Stock Evaluator.

Relative Price Strength of Maxlinear Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 20, 2024, Maxlinear Inc has a weighted four-quarter relative price strength of -12.27%, which translates to a Momentum Score of 31 and is considered to be Weak.

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Maxlinear Inc Stock Price: Bottom Line

As of June 21, 2024, Maxlinear Inc’s stock price is $20.16, which is up 5.94% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Maxlinear Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.