MaxLinear (NYSE:MXL) Stock Price Up 4.5%

MaxLinear, Inc. (NYSE:MXL - Get Free Report) shares were up 4.5% on Tuesday . The stock traded as high as $19.89 and last traded at $19.89. Approximately 236,497 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 659,317 shares. The stock had previously closed at $19.03.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MXL shares. StockNews.com raised shares of MaxLinear from a "sell" rating to a "hold" rating in a report on Thursday, February 29th. Needham & Company LLC reduced their price target on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Finally, Wells Fargo & Company downgraded shares of MaxLinear from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $25.18.

MaxLinear Trading Up 6.9 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 2.20. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -22.91 and a beta of 1.98. The business's 50-day simple moving average is $19.39 and its 200-day simple moving average is $19.97.

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

Institutional Trading of MaxLinear

A number of institutional investors and hedge funds have recently modified their holdings of MXL. Raymond James & Associates increased its stake in shares of MaxLinear by 41.2% in the 1st quarter. Raymond James & Associates now owns 17,748 shares of the semiconductor company's stock valued at $1,036,000 after acquiring an additional 5,183 shares during the last quarter. American Century Companies Inc. bought a new position in shares of MaxLinear during the 1st quarter worth approximately $864,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of MaxLinear by 22.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,298 shares of the semiconductor company's stock worth $309,000 after acquiring an additional 955 shares in the last quarter. Citigroup Inc. grew its stake in shares of MaxLinear by 4.0% during the 1st quarter. Citigroup Inc. now owns 76,387 shares of the semiconductor company's stock worth $4,457,000 after acquiring an additional 2,937 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of MaxLinear by 26.8% during the 1st quarter. Bank of Montreal Can now owns 23,413 shares of the semiconductor company's stock worth $1,455,000 after acquiring an additional 4,947 shares in the last quarter. 90.79% of the stock is owned by institutional investors.

About MaxLinear

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.