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

MaxLinear, Inc (NASDAQ:MXL) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $18.44.

MXL has been the topic of a number of research analyst reports. Stifel Nicolaus increased their target price on MaxLinear from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company upped their price objective on shares of MaxLinear from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Roth Capital set a $11.00 price objective on shares of MaxLinear and gave the company a “neutral” rating in a research note on Thursday, April 24th. Loop Capital dropped their price target on shares of MaxLinear from $18.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, April 29th. Finally, Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of MaxLinear in a report on Thursday, April 24th.

Insider Buying and Selling at MaxLinear

In other news, Director Ted L. Tewksbury III sold 6,071 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $10.40, for a total value of $63,138.40. Following the completion of the transaction, the director owned 74,995 shares in the company, valued at $779,948. This trade represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

Institutional Trading of MaxLinear

Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its stake in shares of MaxLinear by 9.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 46,821 shares of the semiconductor company’s stock valued at $664,000 after purchasing an additional 4,146 shares in the last quarter. GAMMA Investing LLC increased its holdings in MaxLinear by 36.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,143 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 1,378 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in MaxLinear during the 2nd quarter worth approximately $44,000. Weybosset Research & Management LLC increased its holdings in shares of MaxLinear by 28.4% in the 2nd quarter. Weybosset Research & Management LLC now owns 278,694 shares of the semiconductor company’s stock valued at $3,960,000 after acquiring an additional 61,723 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of MaxLinear in the 2nd quarter valued at approximately $302,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Stock Performance

Shares of NASDAQ:MXL opened at $15.92 on Tuesday. The company’s 50 day moving average price is $13.15 and its two-hundred day moving average price is $14.15. MaxLinear has a 12-month low of $8.35 and a 12-month high of $25.73. The company has a quick ratio of 1.19, a current ratio of 1.63 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.35 billion, a PE ratio of -6.05 and a beta of 1.72.

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. Equities research analysts predict that MaxLinear will post -0.37 earnings per share for the current year.

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.