MaxLinear, Inc (NYSE:MXL) has been given an average recommendation of “Buy” by the nine analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.36.
Several analysts have recently commented on the company. Zacks Investment Research upgraded MaxLinear from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Tuesday, November 14th. Needham & Company LLC restated a “buy” rating and set a $32.00 target price on shares of MaxLinear in a report on Wednesday, November 8th. BidaskClub cut MaxLinear from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Finally, TheStreet cut MaxLinear from a “b” rating to a “c+” rating in a report on Thursday, August 10th.
In other MaxLinear news, insider Daniel Omeniuk bought 250,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were bought at an average price of $0.19 per share, for a total transaction of $47,500.00. 11.92% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of MaxLinear by 45.7% during the second quarter. Bank of New York Mellon Corp now owns 1,339,398 shares of the semiconductor company’s stock valued at $37,355,000 after acquiring an additional 419,925 shares during the period. BlackRock Inc. lifted its stake in shares of MaxLinear by 94.6% during the second quarter. BlackRock Inc. now owns 6,503,231 shares of the semiconductor company’s stock valued at $181,375,000 after acquiring an additional 3,160,655 shares during the period. Rhumbline Advisers lifted its stake in shares of MaxLinear by 68.8% during the second quarter. Rhumbline Advisers now owns 109,300 shares of the semiconductor company’s stock valued at $3,048,000 after acquiring an additional 44,541 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of MaxLinear by 30.1% during the second quarter. UBS Asset Management Americas Inc. now owns 37,159 shares of the semiconductor company’s stock valued at $1,036,000 after acquiring an additional 8,601 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of MaxLinear by 7.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 242,533 shares of the semiconductor company’s stock valued at $6,765,000 after acquiring an additional 15,960 shares during the period. 88.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of MaxLinear (NYSE MXL) opened at $24.97 on Friday. MaxLinear has a 1 year low of $20.38 and a 1 year high of $32.47. The firm has a market capitalization of $1,694.71, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.16 and a beta of 0.47. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.23 and a quick ratio of 1.58.
MaxLinear (NYSE:MXL) last announced its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. The firm had revenue of $113.58 million for the quarter, compared to analysts’ expectations of $115.77 million. During the same period in the prior year, the business posted $0.43 earnings per share. The business’s revenue was up 17.9% compared to the same quarter last year. equities research analysts anticipate that MaxLinear will post 1.09 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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