MaxLinear, Inc (NASDAQ:MXL) Receives Consensus Rating of “Hold” from Analysts

MaxLinear, Inc (NASDAQ:MXL) has received a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $85.00.

Several equities analysts recently commented on MXL shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $40.00 target price on shares of MaxLinear in a report on Friday, April 24th. Wall Street Zen raised MaxLinear from a “hold” rating to a “buy” rating in a research report on Sunday, July 26th. Northland Securities set a $110.00 price objective on MaxLinear in a report on Wednesday, June 3rd. Wells Fargo & Company raised their target price on MaxLinear from $42.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Finally, Loop Capital upgraded MaxLinear from a “hold” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $75.00 in a research note on Wednesday, April 29th.

MaxLinear Stock Up 6.8%

Shares of NASDAQ:MXL opened at $74.98 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.26. MaxLinear has a fifty-two week low of $12.77 and a fifty-two week high of $128.30. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of -63.01 and a beta of 3.95. The firm’s 50 day moving average price is $84.21 and its 200 day moving average price is $53.24.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $168.85 million for the quarter, compared to analyst estimates of $164.64 million. MaxLinear had a negative net margin of 18.24% and a positive return on equity of 2.24%. The company’s revenue was up 55.2% on a year-over-year basis. During the same period last year, the business earned $0.02 EPS. As a group, equities research analysts predict that MaxLinear will post 0.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MaxLinear news, Director Thomas E. Pardun sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the sale, the director owned 55,252 shares of the company’s stock, valued at approximately $5,801,460. This trade represents a 16.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On MaxLinear

Several hedge funds and other institutional investors have recently bought and sold shares of MXL. Carolina Wealth Advisors LLC acquired a new position in MaxLinear in the second quarter valued at $47,000. Global Retirement Partners LLC acquired a new stake in shares of MaxLinear during the second quarter worth about $56,000. State of Wyoming acquired a new stake in shares of MaxLinear during the second quarter worth about $126,000. CoreCap Advisors LLC acquired a new stake in shares of MaxLinear during the second quarter worth about $134,000. Finally, Larson Financial Group LLC lifted its holdings in shares of MaxLinear by 161.7% in the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 875 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

MaxLinear Company Profile

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.