MaxLinear, Inc. (NYSE:MXL) Receives $25.18 Average Price Target from Brokerages

MaxLinear, Inc. (NYSE:MXL - Get Free Report) has received an average recommendation of "Hold" from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.18.

A number of brokerages have recently commented on MXL. StockNews.com upgraded shares of MaxLinear from a "sell" rating to a "hold" rating in a report on Thursday, February 29th. Needham & Company LLC cut their price target on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Finally, Wells Fargo & Company lowered shares of MaxLinear from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $35.00 to $25.00 in a report on Wednesday, January 3rd.

MaxLinear Price Performance

Shares of NYSE MXL traded up $1.30 during midday trading on Wednesday, reaching $21.65. 1,971,207 shares of the company were exchanged, compared to its average volume of 705,080. The stock's 50-day moving average price is $19.30 and its 200-day moving average price is $19.97. The stock has a market cap of $1.77 billion, a P/E ratio of -24.33 and a beta of 1.98. MaxLinear has a one year low of $13.43 and a one year high of $35.09. The company has a quick ratio of 1.75, a current ratio of 2.20 and a debt-to-equity ratio of 0.18.

MaxLinear (NYSE:MXL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported ($0.17) EPS for the quarter, hitting analysts' consensus estimates of ($0.17). The company had revenue of $125.35 million for the quarter, compared to analyst estimates of $125.06 million. MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. On average, sell-side analysts anticipate that MaxLinear will post -0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MaxLinear

Several institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors raised its holdings in shares of MaxLinear by 2.8% during the second quarter. Captrust Financial Advisors now owns 12,636 shares of the semiconductor company's stock valued at $429,000 after purchasing an additional 340 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of MaxLinear by 13.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,798 shares of the semiconductor company's stock valued at $128,000 after purchasing an additional 436 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of MaxLinear by 8.0% during the second quarter. Ameritas Investment Partners Inc. now owns 6,163 shares of the semiconductor company's stock worth $195,000 after acquiring an additional 459 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of MaxLinear by 8.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company's stock worth $150,000 after acquiring an additional 490 shares in the last quarter. Finally, XTX Topco Ltd increased its position in shares of MaxLinear by 5.2% during the first quarter. XTX Topco Ltd now owns 9,995 shares of the semiconductor company's stock worth $352,000 after acquiring an additional 492 shares in the last quarter. Institutional investors and hedge funds 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.