MaxLinear, Inc. (NASDAQ:MXL) Receives Average Recommendation of "Hold" from Brokerages

MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) has been assigned a consensus rating of "Hold" from the nine ratings firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $19.06.

MXL has been the subject of several analyst reports. Roth Capital set a $11.00 price objective on MaxLinear and gave the company a "neutral" rating in a report on Thursday, April 24th. Loop Capital decreased their target price on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. 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 research note on Thursday, April 17th. Wells Fargo & Company increased their target price on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Finally, Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a research note on Thursday, January 30th.

MaxLinear Trading Up 3.5 %

Shares of MXL stock opened at $10.94 on Thursday. The firm has a market capitalization of $925.47 million, a P/E ratio of -3.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. MaxLinear has a fifty-two week low of $8.35 and a fifty-two week high of $26.59. The stock's fifty day moving average is $11.26 and its two-hundred day moving average is $15.54.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. The company had revenue of $95.93 million for the quarter, compared to analysts' expectations of $95.32 million. During the same period last year, the firm earned ($0.21) earnings per share. MaxLinear's quarterly revenue was up .7% on a year-over-year basis. Research analysts expect that MaxLinear will post -0.37 earnings per share for the current fiscal year.

Insider Activity

In other MaxLinear 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 completion of the transaction, the director now directly owns 74,995 shares of the company's stock, valued at $779,948. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.80% of the company's stock.

Institutional Investors Weigh In On MaxLinear

Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in MaxLinear by 3,698.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock worth $30,173,000 after purchasing an additional 1,485,256 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in MaxLinear in the 4th quarter worth approximately $25,659,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of MaxLinear in the fourth quarter valued at about $25,027,000. Point72 Asset Management L.P. boosted its holdings in MaxLinear by 1,813.5% in the 4th quarter. Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company's stock valued at $24,850,000 after purchasing an additional 1,190,647 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of MaxLinear by 339.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock valued at $24,740,000 after buying an additional 966,468 shares in the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

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.

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