MaxLinear, Inc. (NYSE:MXL) Receives Average Recommendation of “Hold” from Brokerages

Shares of MaxLinear, Inc. (NYSE:MXLGet Free Report) have received an average rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $25.18.

Several analysts recently issued reports on MXL shares. StockNews.com upgraded MaxLinear from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Wells Fargo & Company cut MaxLinear from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Finally, Needham & Company LLC cut their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, February 1st.

Check Out Our Latest Stock Report on MaxLinear

MaxLinear Stock Performance

Shares of MXL opened at $20.35 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 2.20 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $19.33 and a two-hundred day simple moving average of $19.96. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -22.87 and a beta of 1.98. MaxLinear has a 52 week low of $13.43 and a 52 week high of $35.11.

MaxLinear (NYSE:MXLGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported ($0.17) EPS for the quarter, hitting analysts’ consensus estimates of ($0.17). The business had revenue of $125.35 million during the quarter, compared to analysts’ expectations of $125.06 million. MaxLinear had a positive return on equity of 4.77% and a negative net margin of 10.55%. On average, analysts expect that MaxLinear will post -0.8 EPS for the current year.

Hedge Funds Weigh In On MaxLinear

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of MaxLinear by 0.9% in the 2nd quarter. BlackRock Inc. now owns 13,526,579 shares of the semiconductor company’s stock valued at $426,899,000 after purchasing an additional 126,662 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of MaxLinear by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock valued at $275,406,000 after purchasing an additional 903,235 shares during the last quarter. State Street Corp lifted its stake in shares of MaxLinear by 8.7% in the 2nd quarter. State Street Corp now owns 3,994,781 shares of the semiconductor company’s stock valued at $126,075,000 after purchasing an additional 319,971 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of MaxLinear by 97.1% in the 3rd quarter. Invesco Ltd. now owns 3,482,949 shares of the semiconductor company’s stock valued at $77,496,000 after purchasing an additional 1,716,026 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

About MaxLinear

(Get Free Report

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.

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Analyst Recommendations for MaxLinear (NYSE:MXL)

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