MaxLinear, Inc. (NYSE:MXL - Get Free Report) has earned a consensus recommendation of "Hold" from the twelve research firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $26.09.
A number of equities research analysts recently commented on the stock. Benchmark reaffirmed a "buy" rating and issued a $28.00 price target on shares of MaxLinear in a report on Thursday. Wells Fargo & Company lowered shares of MaxLinear from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $35.00 to $25.00 in a research note on Wednesday, January 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price objective on shares of MaxLinear in a research note on Thursday. StockNews.com lowered shares of MaxLinear from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Northland Securities upgraded shares of MaxLinear from a "market perform" rating to an "outperform" rating and set a $30.00 price objective for the company in a research note on Thursday, April 4th.
Check Out Our Latest Research Report on MXL
MaxLinear Stock Performance
Shares of NYSE:MXL traded down $0.09 during mid-day trading on Friday, reaching $20.59. The company had a trading volume of 843,599 shares, compared to its average volume of 1,096,932. The company has a current ratio of 1.99, a quick ratio of 1.75 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -10.89 and a beta of 1.98. The company's 50-day moving average price is $19.92 and its 200-day moving average price is $19.93. MaxLinear has a one year low of $13.43 and a one year high of $35.09.
MaxLinear (NYSE:MXL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $0.02. The company had revenue of $95.27 million for the quarter, compared to analysts' expectations of $94.99 million. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.75%. As a group, equities research analysts anticipate that MaxLinear will post -0.8 EPS for the current fiscal year.
Hedge Funds Weigh In On MaxLinear
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of MaxLinear by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company's stock valued at $275,406,000 after acquiring an additional 903,235 shares in the last quarter. Invesco Ltd. increased its position in shares of MaxLinear by 97.1% during the third quarter. Invesco Ltd. now owns 3,482,949 shares of the semiconductor company's stock valued at $77,496,000 after acquiring an additional 1,716,026 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of MaxLinear by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,731 shares of the semiconductor company's stock valued at $45,469,000 after acquiring an additional 137,698 shares in the last quarter. HighTower Advisors LLC increased its position in shares of MaxLinear by 0.7% during the third quarter. HighTower Advisors LLC now owns 684,910 shares of the semiconductor company's stock valued at $15,240,000 after acquiring an additional 4,683 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of MaxLinear by 423.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company's stock valued at $14,622,000 after acquiring an additional 531,529 shares in the last quarter. 90.79% of the stock is owned by institutional investors.
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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