MXL begins its move downward again after hitting the mid-18's. Typical of its cycle. I expect it will hit the mid 16's before its on sale again and will probably rise to the high 18's when it reports again in 3 months. The deteriorating stock market will possibly aggravate the decline, possibly going to the high 15's. MXL is a great stock, but it does not seem to have holding power. It might become more stable in 2017 after it establishes a stronger market position in wireless. For the time being, it is too thinly traded to be stable and is easily manipulated. All MHO.
With the acquisition of the wireless assets from Microsemi Corp and the earlier acquisition of Entropic's technology, it will be interesting to see what the CEO has to say about MXL expanding in the wireless market and the revenue implications for 2017 and going forward. Smart move IMO. In the meantime (2016), it's all good news. Surprised the stock price does not reflect this future growth. It will eventually.
Investors are worried about the global slowdown and its potential effect on MXL's guidance going forward? Also, profit-taking after last run-up? Probably a bit of both. Doesn't take much volume to make MXL's stock price move up or down. I believe in the fundamentals of MXL and that it will make a good return if held for awhile.