MaxLinear (NYSE:MXL) Lowered to Sell at StockNews.com

StockNews.com cut shares of MaxLinear (NYSE:MXL) from a hold rating to a sell rating in a research report sent to investors on Thursday.

A number of other equities research analysts have also issued reports on the stock. Benchmark reaffirmed a buy rating and set a $28.00 price objective on shares of MaxLinear in a report on Thursday. Needham & Company LLC reissued a buy rating and issued a $25.00 target price on shares of MaxLinear in a report on Thursday. Northland Securities raised shares of MaxLinear from a market perform rating to an outperform rating and set a $30.00 target price for the company in a report on Thursday, April 4th. Finally, Wells Fargo & Company downgraded MaxLinear from an overweight rating to an equal weight rating and lowered their price target for the stock from $35.00 to $25.00 in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $26.09.

MaxLinear Trading Down 1.2 %

MaxLinear stock opened at $20.68 on Thursday. The firm has a 50 day moving average of $19.90 and a 200 day moving average of $19.95. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -10.94 and a beta of 1.98. MaxLinear has a 12-month low of $13.43 and a 12-month high of $35.09. The company has a current ratio of 2.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18.

MaxLinear (NYSE:MXL) last released its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.02. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.63%. The company had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.99 million. As a group, research analysts predict that MaxLinear will post -0.8 earnings per share for the current year.

Institutional Trading of MaxLinear

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC increased its stake in shares of MaxLinear by 712.8% during the third quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 2,010 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of MaxLinear by 27.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 862 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of MaxLinear by 289.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company’s stock valued at $97,000 after buying an additional 3,020 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of MaxLinear by 8.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 490 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of MaxLinear by 39.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,320 shares of the semiconductor company’s stock valued at $185,000 after buying an additional 2,355 shares during the period. 90.79% of the stock is currently owned by institutional investors.

About MaxLinear

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.