MaxLinear, Inc (NASDAQ:MXL) Given Average Rating of “Hold” by Brokerages

MaxLinear, Inc (NASDAQ:MXL) has earned a consensus rating of “Hold” from the eight analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $19.5714.

MXL has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of MaxLinear in a research note on Thursday, January 22nd. Wells Fargo & Company upped their target price on MaxLinear from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Williams Trading set a $25.00 price target on MaxLinear in a report on Friday, October 24th. Benchmark boosted their price target on MaxLinear from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Stifel Nicolaus set a $23.00 price objective on MaxLinear in a research report on Friday, October 24th.

MaxLinear Price Performance

Shares of MXL stock opened at $19.40 on Friday. MaxLinear has a twelve month low of $8.35 and a twelve month high of $20.82. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -12.28 and a beta of 1.74. The stock has a fifty day simple moving average of $18.34 and a two-hundred day simple moving average of $16.64. The company has a current ratio of 1.34, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Thursday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. MaxLinear had a negative return on equity of 6.95% and a negative net margin of 29.23%.The firm had revenue of $136.44 million for the quarter, compared to analyst estimates of $134.82 million. During the same quarter last year, the firm posted ($0.09) earnings per share. The business’s revenue for the quarter was up 48.0% on a year-over-year basis. On average, analysts predict that MaxLinear will post -0.37 EPS for the current fiscal year.

MaxLinear announced that its board has authorized a share repurchase plan on Monday, November 24th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MXL. State of Alaska Department of Revenue boosted its stake in MaxLinear by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 45,677 shares of the semiconductor company’s stock valued at $795,000 after acquiring an additional 632 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of MaxLinear by 4.3% during the 4th quarter. ProShare Advisors LLC now owns 16,048 shares of the semiconductor company’s stock valued at $280,000 after purchasing an additional 664 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in shares of MaxLinear by 3.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 23,099 shares of the semiconductor company’s stock worth $328,000 after purchasing an additional 680 shares in the last quarter. Amalgamated Bank grew its stake in MaxLinear by 3.5% during the 3rd quarter. Amalgamated Bank now owns 23,210 shares of the semiconductor company’s stock worth $373,000 after buying an additional 775 shares during the last quarter. Finally, Arizona State Retirement System increased its position in MaxLinear by 3.5% during the 3rd quarter. Arizona State Retirement System now owns 24,295 shares of the semiconductor company’s stock valued at $391,000 after buying an additional 830 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

MaxLinear Company Profile

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.