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

MaxLinear, Inc (NASDAQ:MXL) has been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.5714.

A number of brokerages have recently weighed in on MXL. Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a research note on Thursday, January 22nd. Wells Fargo & Company increased their price target on MaxLinear from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Finally, Benchmark lifted their price target on MaxLinear from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, January 16th.

Insider Activity

In other news, insider Steven G. Litchfield sold 20,000 shares of MaxLinear stock in a transaction on Friday, March 6th. The stock was sold at an average price of $15.68, for a total transaction of $313,600.00. Following the sale, the insider directly owned 343,435 shares in the company, valued at $5,385,060.80. The trade was a 5.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 44,929 shares of company stock worth $746,456. Company insiders own 7.80% of the company’s stock.

Institutional Trading of MaxLinear

A number of large investors have recently added to or reduced their stakes in MXL. Larson Financial Group LLC boosted its stake in MaxLinear by 161.7% in the fourth 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 last quarter. Smartleaf Asset Management LLC increased its stake in shares of MaxLinear by 103.0% during the 4th 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 last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of MaxLinear during the 4th quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in shares of MaxLinear in the 4th quarter worth approximately $27,000. Finally, EverSource Wealth Advisors LLC lifted its stake in MaxLinear by 97.0% in the third quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,039 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Performance

Shares of MXL stock opened at $17.00 on Friday. The firm has a 50-day moving average of $17.91 and a 200-day moving average of $17.04. The company has a market cap of $1.47 billion, a P/E ratio of -10.76 and a beta of 1.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.34 and a quick ratio of 0.92. MaxLinear has a one year low of $8.35 and a one year high of $20.82.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings results on Thursday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. MaxLinear had a negative net margin of 29.23% and a negative return on equity of 6.95%. The company had revenue of $136.44 million for the quarter, compared to analyst estimates of $134.82 million. During the same period last year, the firm earned ($0.09) earnings per share. The firm’s revenue was up 48.0% on a year-over-year basis. Equities research analysts forecast that MaxLinear will post -0.37 EPS for the current fiscal year.

MaxLinear Company Profile

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.