MaxLinear Inc. (MXL) Breaks into New 52-Week High on December 22 Session

Shares of MaxLinear Inc. (MXL) broke into a new 52-week high yesterday, hitting a peak of $35.61.
Shares closed at $35.47 after opening at $34.68 for a move of 2.6%. The company now has a market cap of $2.63 billion.

Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of
momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out
before an impending period of decline.

For MaxLinear Inc., the new 52-week high came on volume of 517,116. The stock has a float of 74.17 million shares and average daily volume of $n/a. It has a
50-day SMA of $n/a and a 200-day SMA of $n/a.

For a complete fundamental analysis analysis of MaxLinear Inc., check out Equities.com’s Stock Valuation Analysis report
for
MXL
.

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MaxLinear Inc is a provider of radio frequency and mixed-signal integrated circuits for cable and satellite broadband communications, the connected home, and for data center, metro, and long-haul fiber networks. The company’s radio frequency receiver products capture and process digital and analog broadband signals to be decoded for various applications. MaxLinear’s product options include both radio frequency receivers and radio frequency receiver systems-on-chips. The company’s products enable the distribution and display of broadband video and data content in a wide range of electronic devices. Customers for MaxLinear include original equipment manufacturers, module makers, and original design manufacturers.

MaxLinear Inc. is based out of Carlsbad, CA and has some 697 employees. Its CEO is Kishore Seendripu.

MaxLinear Inc. is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest
companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.

What’s more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow
Jones Industrial Average or S&P 500.


To get more information on MaxLinear Inc. and to follow the company’s latest updates, you can visit the company’s profile page here:
MXL’s Profile
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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