MaxLinear Inc. (MXL) had a rough trading day for Thursday March 04 as
shares
tumbled 8.58%, or a loss of $-3.14 per share, to close at $33.44. After opening the day at $36.08, shares of MaxLinear Inc. traded as high as $36.47 and as
low as $32.51. Volume was 1.51 million shares over 17,993 trades, against an average daily volume of n/a shares and a total float of 74.54 million.
As a result of the decline, MaxLinear Inc. now has a market cap of $2.49 billion. In the last
year, shares of MaxLinear Inc. have traded between a range of $44.05 and $7.79, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
For a complete fundamental 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 1,420 employees. Its CEO is Kishore Seendripu.
MaxLinear Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an
industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an
objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives
a broad, unbiased look at the small-cap market as a whole.
To get more information on MaxLinear Inc. and to follow the company’s latest updates, you can visit the company’s profile page here:
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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