Shares of MaxLinear, Inc (NASDAQ:MXL - Get Free Report) have been given a consensus rating of "Hold" by the nine brokerages that are currently covering the firm, Marketbeat reports. Five investment 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 brokers that have covered the stock in the last year is $19.06.
Several equities analysts recently issued reports on the company. Loop Capital decreased their target price on MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Benchmark reissued a "buy" rating and set a $20.00 price target on shares of MaxLinear in a research report on Thursday, April 24th. Roth Capital set a $11.00 price objective on shares of MaxLinear and gave the company a "neutral" rating in a report on Thursday, April 24th. Finally, Stifel Nicolaus cut their target price 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.
Read Our Latest Stock Analysis on MaxLinear
MaxLinear Trading Up 0.5%
Shares of MaxLinear stock traded up $0.07 on Friday, reaching $14.21. The company had a trading volume of 800,387 shares, compared to its average volume of 1,484,696. The firm's 50 day moving average price is $11.92 and its two-hundred day moving average price is $14.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 1.63. MaxLinear has a 52-week low of $8.35 and a 52-week high of $26.59. The firm has a market cap of $1.20 billion, a PE ratio of -5.40 and a beta of 1.68.
MaxLinear (NASDAQ:MXL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). MaxLinear had a negative return on equity of 21.86% and a negative net margin of 61.63%. The company had revenue of $95.93 million for the quarter, compared to analyst estimates of $95.32 million. During the same quarter in the previous year, the company earned ($0.21) earnings per share. The firm's quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts predict that MaxLinear will post -0.37 earnings per share for the current fiscal year.
Insider Transactions at MaxLinear
In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the business's stock in a transaction that occurred on 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 owned 74,995 shares in the company, valued at $779,948. The trade was a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.80% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On MaxLinear
Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in shares of MaxLinear by 0.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 535,230 shares of the semiconductor company's stock valued at $5,813,000 after acquiring an additional 2,039 shares during the last quarter. Voya Investment Management LLC boosted its holdings in MaxLinear by 16.9% in the first quarter. Voya Investment Management LLC now owns 223,180 shares of the semiconductor company's stock valued at $2,424,000 after purchasing an additional 32,258 shares in the last quarter. Inspire Investing LLC increased its stake in MaxLinear by 58.0% in the first quarter. Inspire Investing LLC now owns 31,788 shares of the semiconductor company's stock valued at $345,000 after purchasing an additional 11,663 shares during the last quarter. Hodges Capital Management Inc. acquired a new stake in MaxLinear during the first quarter worth approximately $1,547,000. Finally, Strs Ohio acquired a new stake in MaxLinear during the first quarter worth approximately $63,000. 90.79% of the stock is owned by hedge funds and other institutional investors.
MaxLinear Company Profile
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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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