Stifel Reiterates Buy Rating on MXL, Sets $110 Price Target
Stifel has reiterated its buy rating on MXL with a price target of $110, a 12.64% downside from the current price.
Key Points
- Stifel reiterated its buy rating on MXL with a $110 price target on June 29, 2026.
- Stifel's $110 price target implies 12.64% downside from MaxLinear, Inc.'s ($MXL) current $125.91 share price.
- Shares of MXL traded near $96.6 on Monday, reflecting the analyst's positive outlook.
- Institutional investors like Vanguard and State Street have adjusted their holdings in MXL recently.
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Stifel has reiterated its buy rating on MXL, setting a price target of $110. This update came from analyst Tore Svanberg on June 29, 2026. Shares of MXL traded near $96.6 on Monday, reflecting the market's reaction to the analyst's reaffirmed confidence.
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Other Institutional Activity in MXL
Several institutional investors have adjusted their positions in MXL recently. BlackRock, Inc. reduced its holdings by 124,073 shares, leaving it with about 13.4 million shares valued at approximately $233.1 million. Vanguard Portfolio Management LLC opened a new position with 9.16 million shares worth about $159.3 million. FMR LLC trimmed its stake by 211,562 shares, ending with 5.26 million shares valued at around $91.5 million. State Street Corp increased its holdings by 503,605 shares, totaling 5.07 million shares valued at roughly $88.1 million. Vanguard Capital Management LLC also opened a new position, acquiring 3.65 million shares valued at approximately $63.6 million.
Insider Buying and Selling at MaxLinear, Inc.
On May 26, 2026, Thomas Pardun sold 11,000 shares at an average price of $105. Meanwhile, on May 25, 2026, Connie Kwong, Corporate Controller & PAO, was involved in multiple transactions, including buying and selling 3,713 shares. Ted Tewksbury III and Greg Dougherty each purchased 1,963 shares on May 20, 2026, at no disclosed price.
Analysts Set New Price Targets
Stifel maintained its buy rating on MXL with a $110 price target on June 29, 2026. Earlier, on June 4, 2026, Stifel reiterated its buy rating with a $105 target. Benchmark assumed coverage with a buy rating and a $125 target on May 27, 2026. Loop Capital upgraded the stock to a buy with a $75 target on April 29, 2026. The analyst consensus is a buy, with an average target price reflecting recent positive outlooks.
Bottom Line
Stifel's reiterated buy rating and increased price target signal continued confidence in MXL's prospects. Investors track these analyst updates closely as they provide insights into potential future performance. Institutional activity also highlights shifting investor sentiment, with notable changes in holdings by major funds.
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