MaxLinear, Inc. (NASDAQ:MXL) Given Average Rating of “Hold” by Brokerages

MaxLinear, Inc. (NASDAQ:MXL) has earned an average rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $19.06.

A number of equities research analysts have recently issued reports on MXL shares. Loop Capital dropped their target price on shares of MaxLinear from $18.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, April 29th. Stifel Nicolaus dropped their target price on shares of MaxLinear from $26.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Roth Capital set a $11.00 target price on shares of MaxLinear and gave the stock a “neutral” rating in a report on Thursday, April 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of MaxLinear in a report on Thursday, April 24th.

MaxLinear Stock Performance

NASDAQ:MXL opened at $11.24 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The company has a fifty day moving average of $10.95 and a two-hundred day moving average of $15.22. The stock has a market capitalization of $951.29 million, a PE ratio of -3.84 and a beta of 1.66. MaxLinear has a fifty-two week low of $8.35 and a fifty-two week high of $26.59.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. The company had revenue of $95.93 million during the quarter, compared to analysts’ expectations of $95.32 million. During the same period in the prior year, the business posted ($0.21) earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts forecast that MaxLinear will post -0.37 earnings per share for the current fiscal year.

Insider Activity at MaxLinear

In related news, Director Ted L. Tewksbury III sold 6,071 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $10.40, for a total value of $63,138.40. Following the completion of the sale, the director now owns 74,995 shares of the company’s stock, valued at approximately $779,948. This represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 7.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MXL. The Manufacturers Life Insurance Company boosted its stake in MaxLinear by 3,698.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company’s stock worth $30,173,000 after buying an additional 1,485,256 shares during the period. Invesco Ltd. boosted its stake in MaxLinear by 414.8% during the first quarter. Invesco Ltd. now owns 1,684,247 shares of the semiconductor company’s stock worth $18,291,000 after buying an additional 1,357,093 shares during the period. Point72 Hong Kong Ltd purchased a new position in MaxLinear during the fourth quarter worth about $25,659,000. Schonfeld Strategic Advisors LLC purchased a new position in MaxLinear during the fourth quarter worth about $25,027,000. Finally, Point72 Asset Management L.P. boosted its stake in MaxLinear by 1,813.5% during the fourth quarter. Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company’s stock worth $24,850,000 after buying an additional 1,190,647 shares during the period. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Company Profile

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.