Shares of MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) have earned an average rating of "Hold" from the nine research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $19.06.
A number of equities research analysts recently issued reports on MXL shares. Stifel Nicolaus decreased their price target on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Benchmark restated a "buy" rating and set a $20.00 price objective on shares of MaxLinear in a report on Thursday, April 24th. Susquehanna cut their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Finally, Roth Capital set a $11.00 price objective on shares of MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th.
Get Our Latest Analysis on MXL
Insider Transactions at MaxLinear
In related news, Director Ted L. Tewksbury III sold 6,071 shares of the 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 now directly owns 74,995 shares of the company's stock, valued at approximately $779,948. This represents a 7.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.80% of the company's stock.
Institutional Trading of MaxLinear
A number of hedge funds and other institutional investors have recently modified their holdings of MXL. Rathbones Group PLC raised its position in MaxLinear by 25.0% in the first quarter. Rathbones Group PLC now owns 26,320 shares of the semiconductor company's stock valued at $286,000 after purchasing an additional 5,270 shares during the period. HighTower Advisors LLC lifted its position in MaxLinear by 1.5% in the first quarter. HighTower Advisors LLC now owns 677,563 shares of the semiconductor company's stock valued at $7,358,000 after buying an additional 9,957 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in MaxLinear by 27.7% in the 1st quarter. Public Sector Pension Investment Board now owns 244,236 shares of the semiconductor company's stock valued at $2,652,000 after purchasing an additional 52,920 shares during the last quarter. Nuveen LLC acquired a new position in MaxLinear during the 1st quarter worth about $4,547,000. Finally, Aigen Investment Management LP acquired a new stake in shares of MaxLinear during the first quarter worth about $117,000. 90.79% of the stock is owned by institutional investors and hedge funds.
MaxLinear Stock Performance
MaxLinear stock traded up $0.39 during midday trading on Thursday, reaching $12.63. 241,454 shares of the company traded hands, compared to its average volume of 1,423,812. The business has a 50 day moving average of $11.15 and a two-hundred day moving average of $15.48. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -4.31 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. MaxLinear has a 12 month low of $8.35 and a 12 month high of $26.59.
MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. The business had revenue of $95.93 million for the quarter, compared to the consensus estimate of $95.32 million. During the same period in the previous year, the business earned ($0.21) earnings per share. The business's revenue was up .7% on a year-over-year basis. As a group, research analysts predict that MaxLinear will post -0.37 earnings per share for the current year.
About MaxLinear
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Get Free ReportMaxLinear, 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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