MaxLinear, Inc. (NYSE:MXL) has received an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.50.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded MaxLinear from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 20th. Needham & Company LLC reduced their price objective on MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th. Finally, Roth Capital reiterated a “buy” rating and set a $33.00 price objective on shares of MaxLinear in a research report on Friday, December 29th.
MaxLinear (MXL) opened at $24.70 on Friday. The firm has a market capitalization of $1,675.11, a P/E ratio of -164.66 and a beta of 0.54. MaxLinear has a 1 year low of $20.38 and a 1 year high of $32.47. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.64 and a quick ratio of 1.94.
MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. MaxLinear had a positive return on equity of 20.70% and a negative net margin of 2.19%. The firm had revenue of $113.72 million for the quarter, compared to the consensus estimate of $114.01 million. sell-side analysts expect that MaxLinear will post 1.26 EPS for the current year.
In other MaxLinear news, VP Brendan Walsh sold 25,018 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $28.00, for a total transaction of $700,504.00. Following the completion of the sale, the vice president now owns 155,441 shares of the company’s stock, valued at $4,352,348. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Curtis Ling sold 22,321 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $22.90, for a total value of $511,150.90. Following the sale, the insider now directly owns 912,117 shares of the company’s stock, valued at approximately $20,887,479.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,339 shares of company stock worth $2,379,405. 11.92% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of MXL. Macquarie Group Ltd. increased its stake in MaxLinear by 20.3% during the third quarter. Macquarie Group Ltd. now owns 3,225,049 shares of the semiconductor company’s stock worth $76,595,000 after acquiring an additional 544,304 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in MaxLinear by 1,203.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 538,133 shares of the semiconductor company’s stock worth $14,217,000 after acquiring an additional 496,860 shares during the last quarter. Elk Creek Partners LLC increased its stake in MaxLinear by 26.8% during the third quarter. Elk Creek Partners LLC now owns 1,957,545 shares of the semiconductor company’s stock worth $46,492,000 after acquiring an additional 414,175 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in MaxLinear by 18.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,974,675 shares of the semiconductor company’s stock worth $52,171,000 after acquiring an additional 303,350 shares during the last quarter. Finally, BlackRock Inc. increased its stake in MaxLinear by 3.3% during the fourth quarter. BlackRock Inc. now owns 7,561,303 shares of the semiconductor company’s stock worth $199,772,000 after acquiring an additional 239,077 shares during the last quarter. 89.71% of the stock is owned by institutional investors.
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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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