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

MaxLinear, Inc (NASDAQ:MXL) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $19.5714.

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

Institutional Trading of MaxLinear

Several hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC lifted its holdings in MaxLinear by 161.7% during the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 875 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of MaxLinear by 103.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 726 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of MaxLinear in the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new position in MaxLinear in the fourth quarter worth approximately $27,000. Finally, EverSource Wealth Advisors LLC grew 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 worth $34,000 after purchasing an additional 1,039 shares in the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

MaxLinear Trading Down 3.9%

MXL stock opened at $17.29 on Wednesday. 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 1-year low of $8.35 and a 1-year high of $20.82. The business has a 50 day simple moving average of $18.43 and a two-hundred day simple moving average of $16.92. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -10.94 and a beta of 1.70.

MaxLinear (NASDAQ:MXL) last released its earnings results on Thursday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $136.44 million for the quarter, compared to the consensus estimate of $134.82 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The company’s quarterly revenue was up 48.0% compared to the same quarter last year. Research analysts anticipate that MaxLinear will post -0.37 EPS for the current fiscal year.

MaxLinear announced that its board has initiated a share buyback plan on Monday, November 24th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

About MaxLinear

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.