Zacks Investment Research upgraded shares of MaxLinear, Inc (NYSE:MXL) from a sell rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Company’s integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinear’s current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California. “

Several other equities analysts also recently commented on the company. BidaskClub downgraded MaxLinear from a sell rating to a strong sell rating in a research report on Thursday, August 24th. Deutsche Bank AG cut their price objective on MaxLinear from $33.00 to $32.00 and set a buy rating on the stock in a research report on Friday, July 21st. Needham & Company LLC cut their price objective on MaxLinear from $34.00 to $32.00 and set a buy rating on the stock in a research report on Monday, July 17th. Stifel Nicolaus cut their price objective on MaxLinear from $34.00 to $33.00 and set a buy rating on the stock in a research report on Wednesday, August 9th. Finally, Roth Capital cut their price objective on MaxLinear from $38.00 to $33.50 and set a buy rating on the stock in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of C$30.42.

MaxLinear (NYSE MXL) traded down C$0.09 during midday trading on Wednesday, hitting C$25.96. The stock had a trading volume of 696,517 shares, compared to its average volume of 553,234. The company has a market cap of $1,727.43, a P/E ratio of 22.38, a P/E/G ratio of 1.32 and a beta of 0.47. The company has a current ratio of 2.23, a quick ratio of 1.64 and a debt-to-equity ratio of 0.93. MaxLinear has a 52-week low of C$19.22 and a 52-week high of C$32.47.

MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Tuesday, November 7th. The company reported C$0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.33 by C$0.06. The company had revenue of C$113.58 million for 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%. MaxLinear’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. research analysts expect that MaxLinear will post 1.05 EPS for the current fiscal year.

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In other news, insider Daniel Omeniuk sold 760,000 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of C$0.15, for a total transaction of C$114,000.00. 11.92% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of MXL. UBS Asset Management Americas Inc. grew its position in shares of MaxLinear by 36.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 28,558 shares of the company’s stock worth $801,000 after buying an additional 7,611 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of MaxLinear by 16.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 23,171 shares of the company’s stock worth $650,000 after buying an additional 3,224 shares in the last quarter. FMR LLC grew its position in shares of MaxLinear by 317.8% during the 1st quarter. FMR LLC now owns 318,400 shares of the company’s stock worth $8,932,000 after buying an additional 242,200 shares in the last quarter. Vanguard Group Inc. grew its position in shares of MaxLinear by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 4,125,006 shares of the company’s stock worth $115,707,000 after buying an additional 191,408 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of MaxLinear by 0.9% during the 1st quarter. Geode Capital Management LLC now owns 406,072 shares of the company’s stock worth $11,390,000 after buying an additional 3,811 shares in the last quarter. 84.98% of the stock is currently owned by institutional investors and hedge funds.

About MaxLinear

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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