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

Shares of MaxLinear, Inc (NASDAQ:MXL) have been given a consensus rating of “Hold” by the nine ratings firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $19.06.

A number of research firms have commented on MXL. Benchmark restated a “buy” rating and issued a $20.00 price target on shares of MaxLinear in a report on Thursday, April 24th. Loop Capital reduced their price target 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. Roth Capital set a $11.00 price objective on shares of MaxLinear and gave the company a “neutral” rating in a report on Thursday, April 24th. Finally, Stifel Nicolaus reduced their price objective 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.

Insider Activity

In related news, Director Ted L. Tewksbury III sold 6,071 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $10.40, for a total transaction of $63,138.40. Following the transaction, the director now directly owns 74,995 shares in the company, valued at approximately $779,948. The trade was a 7.49% 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. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in MaxLinear by 5.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,210 shares of the semiconductor company’s stock worth $2,912,000 after purchasing an additional 7,711 shares during the last quarter. GAMMA Investing LLC boosted its holdings in MaxLinear by 889.1% during the first quarter. GAMMA Investing LLC now owns 40,888 shares of the semiconductor company’s stock worth $444,000 after purchasing an additional 36,754 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in MaxLinear by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 374,722 shares of the semiconductor company’s stock worth $7,412,000 after purchasing an additional 12,838 shares during the last quarter. First Trust Advisors LP purchased a new position in MaxLinear during the fourth quarter worth about $280,000. Finally, Fox Run Management L.L.C. boosted its holdings in MaxLinear by 154.7% during the fourth quarter. Fox Run Management L.L.C. now owns 63,594 shares of the semiconductor company’s stock worth $1,258,000 after purchasing an additional 38,622 shares during the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

MaxLinear Trading Up 4.4%

NASDAQ:MXL opened at $14.32 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -5.44 and a beta of 1.68. The firm has a fifty day simple moving average of $11.75 and a two-hundred day simple moving average of $14.78. MaxLinear has a 12 month low of $8.35 and a 12 month high of $26.59.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $95.93 million during the quarter, compared to analysts’ expectations of $95.32 million. MaxLinear had a negative net margin of 61.63% and a negative return on equity of 21.86%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company posted ($0.21) earnings per share. Analysts expect that MaxLinear will post -0.37 EPS for the current fiscal year.

About MaxLinear

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.