MaxLinear, Inc (NYSE:MXL) has earned an average recommendation of “Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$30.42.
A number of equities analysts recently commented on the company. BidaskClub downgraded MaxLinear from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded MaxLinear from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Stifel Nicolaus decreased their price target on MaxLinear from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Roth Capital decreased their price target on MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Finally, Needham & Company LLC decreased their price target on MaxLinear from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, July 17th.
In other MaxLinear news, insider Daniel Omeniuk sold 760,000 shares of MaxLinear stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of C$0.15, for a total value of C$114,000.00. Insiders own 11.92% of the company’s stock.
A number of hedge funds have recently modified their holdings of MXL. LS Investment Advisors LLC acquired a new position in MaxLinear in the second quarter valued at approximately $134,000. D.A. Davidson & CO. boosted its stake in MaxLinear by 0.9% in the second quarter. D.A. Davidson & CO. now owns 5,298 shares of the company’s stock valued at $147,000 after acquiring an additional 45 shares during the period. Ameritas Investment Partners Inc. boosted its stake in MaxLinear by 9.5% in the second quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the company’s stock valued at $147,000 after acquiring an additional 460 shares during the period. Pinebridge Investments L.P. acquired a new position in MaxLinear in the second quarter valued at approximately $192,000. Finally, GSA Capital Partners LLP acquired a new position in MaxLinear in the second quarter valued at approximately $208,000. Institutional investors own 84.98% of the company’s stock.
MaxLinear (NYSE:MXL) opened at C$25.96 on Monday. The company has a market capitalization of $1,727.43, a PE ratio of 22.38, a P/E/G ratio of 1.32 and a beta of 0.47. MaxLinear has a 52 week low of C$19.22 and a 52 week high of C$32.47. The company has a quick ratio of 1.64, a current ratio of 2.23 and a debt-to-equity ratio of 0.93.
MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Tuesday, November 7th. The company reported C$0.39 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.33 by C$0.06. The business had revenue of C$113.58 million during the quarter, compared to the consensus estimate of C$115.77 million. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share. analysts anticipate that MaxLinear will post 1.05 EPS for the current fiscal year.
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MaxLinear Company Profile
MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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