MaxLinear (NYSE:MXL) Shares Up 4.6%

Shares of MaxLinear, Inc. (NYSE:MXL - Get Free Report) were up 4.6% during trading on Monday . The stock traded as high as $23.72 and last traded at $23.64. Approximately 159,711 shares were traded during trading, a decline of 78% from the average daily volume of 737,575 shares. The stock had previously closed at $22.61.

Analyst Ratings Changes

Several equities analysts recently issued reports on MXL shares. Northland Securities upgraded MaxLinear from a "market perform" rating to an "outperform" rating and set a $30.00 price target on the stock in a report on Thursday. StockNews.com upgraded MaxLinear from a "sell" rating to a "hold" rating in a report on Thursday, February 29th. Needham & Company LLC decreased their price target on 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 cut MaxLinear from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $35.00 to $25.00 in a report on Wednesday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $25.64.

MaxLinear Stock Up 2.7 %

The firm has a 50 day simple moving average of $19.32 and a two-hundred day simple moving average of $19.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.20 and a quick ratio of 1.75. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -26.09 and a beta of 1.98.

MaxLinear (NYSE:MXL - Get Free Report) last released 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 positive return on equity of 4.77% and a negative net margin of 10.55%. As a group, sell-side analysts expect that MaxLinear, Inc. will post -0.8 EPS for the current year.

Institutional Investors Weigh In On MaxLinear

A number of hedge funds have recently modified their holdings of MXL. Invesco Ltd. grew its holdings 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 worth $77,496,000 after buying an additional 1,716,026 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of MaxLinear by 12.6% during the third quarter. Vanguard Group Inc. now owns 10,683,038 shares of the semiconductor company's stock worth $237,698,000 after buying an additional 1,199,257 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of MaxLinear by 138.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,758,536 shares of the semiconductor company's stock worth $41,801,000 after buying an additional 1,019,710 shares in the last quarter. BlackRock Inc. grew its holdings in shares of MaxLinear by 6.8% during the first quarter. BlackRock Inc. now owns 13,399,917 shares of the semiconductor company's stock worth $471,811,000 after buying an additional 858,544 shares in the last quarter. Finally, Norges Bank bought a new position in shares of MaxLinear during the fourth quarter worth about $24,371,000. Institutional investors and hedge funds own 90.79% of the company's stock.

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.