MaxLinear Inc. (MXL) Receives $22.10 Consensus Price Target from Analysts
Shares of MaxLinear Inc. (NYSE:MXL) have received a consensus rating of “Buy” from the ten research firms that are covering the company. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $22.10.
Several research firms recently commented on MXL. Zacks Investment Research lowered shares of MaxLinear from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Needham & Company LLC boosted their price objective on shares of MaxLinear from $21.00 to $22.50 and gave the stock a “buy” rating in a research report on Tuesday, November 8th. Chardan Capital reiterated a “buy” rating on shares of MaxLinear in a research report on Wednesday, November 2nd. Deutsche Bank AG decreased their price objective on shares of MaxLinear from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Finally, Stifel Nicolaus decreased their price objective on shares of MaxLinear from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th.
Shares of MaxLinear (NYSE:MXL) opened at 21.91 on Friday. MaxLinear has a 12 month low of $12.67 and a 12 month high of $22.85. The stock has a market cap of $1.41 billion, a PE ratio of 32.22 and a beta of 0.85. The stock has a 50 day moving average of $20.29 and a 200 day moving average of $19.78.
MaxLinear (NYSE:MXL) last released its quarterly earnings data on Monday, November 7th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. MaxLinear had a net margin of 10.72% and a return on equity of 34.63%. The business had revenue of $96.30 million for the quarter, compared to analyst estimates of $16.14 million. During the same period in the previous year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that MaxLinear will post $1.77 earnings per share for the current fiscal year.
In other MaxLinear news, insider Connie H. Kwong sold 2,009 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $21.51, for a total value of $43,213.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.48% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its position in MaxLinear by 0.3% in the second quarter. California State Teachers Retirement System now owns 117,125 shares of the company’s stock worth $2,106,000 after buying an additional 366 shares during the period. Rhumbline Advisers increased its position in MaxLinear by 1.6% in the third quarter. Rhumbline Advisers now owns 55,812 shares of the company’s stock worth $1,131,000 after buying an additional 870 shares in the last quarter. Teachers Advisors Inc. increased its position in MaxLinear by 1.3% in the first quarter. Teachers Advisors Inc. now owns 78,817 shares of the company’s stock worth $1,458,000 after buying an additional 974 shares in the last quarter. Teacher Retirement System of Texas increased its position in MaxLinear by 22.9% in the second quarter. Teacher Retirement System of Texas now owns 7,770 shares of the company’s stock worth $140,000 after buying an additional 1,446 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in MaxLinear by 11.9% in the second quarter. Meeder Asset Management Inc. now owns 15,098 shares of the company’s stock worth $273,000 after buying an additional 1,602 shares in the last quarter. Institutional investors own 75.70% of the company’s stock.
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MaxLinear Company Profile
MaxLinear, Inc is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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