On August 27, MaxLinear rose 5.37% in pre-market trading, trading at $66.38 per share, with turnover of $65,900.

On the news front, MaxLinear plunged 5.08% during the prior trading session. Following the sharp selloff, the broader semiconductor sector staged a broad-based recovery, with NVIDIA up 6.87%, Micron Technology up 4.4%, Intel up 2.66%, Broadcom up 1.77%, and Advanced Micro Devices up 1.54%, lifting MaxLinear in a sector-wide technical rebound.

MaxLinear is a communications systems-on-chip supplier serving broadband, data center, and industrial applications. As a fabless integrated circuit design company, its products integrate radio frequency, analog, mixed-signal, and digital signal processing technologies for high-speed communication systems.

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