MaxLinear, Inc (NASDAQ:MXL - Get Free Report) rose 4.3% during mid-day trading on Tuesday . The stock traded as high as $12.58 and last traded at $12.64. 160,955 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 1,633,473 shares. The stock had previously closed at $12.11.
Analyst Ratings Changes
A number of brokerages recently commented on MXL. Benchmark restated a "buy" rating and set a $20.00 price objective on shares of MaxLinear in a research note on Thursday, April 24th. Roth Capital set a $11.00 price target on shares of MaxLinear and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Loop Capital dropped their price objective on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Finally, Stifel Nicolaus cut their price objective on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, MaxLinear has a consensus rating of "Hold" and an average price target of $19.06.
View Our Latest Research Report on MXL
MaxLinear Trading Up 0.5%
The firm has a market capitalization of $1.11 billion, a P/E ratio of -5.01 and a beta of 1.68. The business's 50 day moving average is $11.47 and its two-hundred day moving average is $14.93. The company has a quick ratio of 1.19, a current ratio of 1.63 and a debt-to-equity ratio of 0.25.
MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). The company had revenue of $95.93 million for the quarter, compared to the consensus estimate of $95.32 million. MaxLinear had a negative net margin of 61.63% and a negative return on equity of 21.86%. MaxLinear's revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.21) EPS. Analysts expect that MaxLinear, Inc will post -0.37 EPS for the current year.
Insider Buying and Selling at MaxLinear
In related news, Director Ted L. Tewksbury III sold 6,071 shares of the firm'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 sale, the director now directly owns 74,995 shares in the company, valued at approximately $779,948. This trade represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.80% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On MaxLinear
Institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in MaxLinear by 1.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 60,406 shares of the semiconductor company's stock worth $1,195,000 after acquiring an additional 631 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of MaxLinear by 4.1% in the 1st quarter. Blair William & Co. IL now owns 22,756 shares of the semiconductor company's stock valued at $247,000 after purchasing an additional 902 shares during the period. Panagora Asset Management Inc. lifted its position in shares of MaxLinear by 0.7% in the first quarter. Panagora Asset Management Inc. now owns 226,123 shares of the semiconductor company's stock worth $2,456,000 after purchasing an additional 1,635 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of MaxLinear during the fourth quarter worth approximately $34,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of MaxLinear by 95.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company's stock worth $77,000 after purchasing an additional 1,900 shares during the period. Institutional investors and hedge funds own 90.79% of the company's stock.
MaxLinear Company Profile
(
Get Free Report)
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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