MaxLinear (NASDAQ:MXL) Upgraded at Wall Street Zen

MaxLinear (NASDAQ:MXL - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

MXL has been the topic of a number of other reports. Wells Fargo & Company upped their target price on shares of MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday. Loop Capital dropped their price objective on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Susquehanna increased their price objective on MaxLinear from $11.00 to $15.00 and gave the company a "neutral" rating in a research report on Tuesday. Roth Capital set a $11.00 target price on MaxLinear and gave the company a "neutral" rating in a research note on Thursday, April 24th. Finally, Benchmark upped their price target on MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $18.69.

MaxLinear Trading Down 5.2%

Shares of MXL opened at $16.36 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 1.55. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -6.62 and a beta of 1.72. The stock has a fifty day moving average price of $13.49 and a two-hundred day moving average price of $14.09. MaxLinear has a 52-week low of $8.35 and a 52-week high of $25.73.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $108.81 million during the quarter, compared to analysts' expectations of $104.94 million. MaxLinear had a negative return on equity of 18.16% and a negative net margin of 55.53%. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.25) earnings per share. Analysts predict that MaxLinear will post -0.37 EPS for the current fiscal year.

Insider Activity

In related news, Director Ted L. Tewksbury III sold 6,071 shares of MaxLinear stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $10.40, for a total transaction of $63,138.40. Following the completion of the sale, the director directly owned 74,995 shares of the company's stock, valued at $779,948. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MaxLinear

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new position in shares of MaxLinear during the fourth quarter worth $34,000. Farther Finance Advisors LLC acquired a new stake in MaxLinear during the 2nd quarter worth $44,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in MaxLinear during the first quarter worth about $49,000. Strs Ohio acquired a new position in MaxLinear in the first quarter valued at about $63,000. Finally, GAMMA Investing LLC grew its stake in MaxLinear by 36.6% in the second quarter. GAMMA Investing LLC now owns 5,143 shares of the semiconductor company's stock valued at $73,000 after acquiring an additional 1,378 shares during the period. Institutional investors own 90.79% of the company's stock.

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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