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

Shares of MaxLinear, Inc (NASDAQ:MXL) have earned an average rating of “Hold” from the ten research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $65.50.

MXL has been the topic of a number of research analyst reports. Loop Capital raised shares of MaxLinear from a “hold” rating to a “buy” rating and boosted their price target for the stock from $17.00 to $75.00 in a report on Wednesday, April 29th. Stifel Nicolaus raised their price objective on shares of MaxLinear from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Needham & Company LLC raised shares of MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Friday, April 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MaxLinear in a research note on Tuesday, April 21st. Finally, Roth Capital raised shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Friday, April 24th.

MaxLinear Stock Performance

Shares of MaxLinear stock opened at $89.30 on Tuesday. The business’s fifty day simple moving average is $91.56 and its 200 day simple moving average is $46.03. The company has a current ratio of 1.70, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. MaxLinear has a 12 month low of $12.77 and a 12 month high of $128.30. The firm has a market capitalization of $8.00 billion, a P/E ratio of -58.75 and a beta of 3.91.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Thursday, April 23rd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. MaxLinear had a negative return on equity of 2.33% and a negative net margin of 25.96%.The firm had revenue of $137.19 million during the quarter, compared to the consensus estimate of $137.15 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The business’s revenue for the quarter was up 43.0% on a year-over-year basis. As a group, analysts anticipate that MaxLinear will post 0.52 EPS for the current year.

Insider Buying and Selling

In other MaxLinear news, Director Thomas E. Pardun sold 11,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total value of $1,155,000.00. Following the sale, the director directly owned 55,252 shares in the company, valued at $5,801,460. The trade was a 16.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Connie H. Kwong sold 35,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $96.96, for a total value of $3,393,600.00. Following the transaction, the insider directly owned 13,947 shares in the company, valued at $1,352,301.12. This represents a 71.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,168 shares of company stock worth $5,559,358 in the last ninety days. 7.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MaxLinear

Several large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in 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 acquiring an additional 875 shares during the period. Smartleaf Asset Management LLC boosted its position in MaxLinear by 103.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 726 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of MaxLinear in the fourth quarter worth about $25,000. International Assets Investment Management LLC purchased a new position in shares of MaxLinear in the fourth quarter worth about $27,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of MaxLinear by 16.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 217 shares during the period. Hedge funds and other institutional investors own 90.79% of the company’s stock.

About MaxLinear

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.