
MaxLinear (NASDAQ:MXL) to Repurchase $75.00 million in Outstanding Shares

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MaxLinear (NASDAQ:MXL) announced a $75 million share repurchase plan, authorized by its Board of Directors. This plan allows the semiconductor company to buy back up to 5.8% of its shares, indicating the board's belief that the shares are undervalued. The announcement follows mixed analyst ratings, with a consensus rating of 'Hold' and a price target of $19.94. Recent insider sales have decreased ownership stakes, and the company reported a quarterly revenue increase of 56% year-over-year.
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