MaxLinear, Inc (NASDAQ:MXL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of MaxLinear, Inc (NASDAQ:MXL) have been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $85.00.

A number of brokerages have issued reports on MXL. Susquehanna upped their target price on MaxLinear from $45.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Benchmark assumed coverage on shares of MaxLinear in a research report on Wednesday, May 27th. They set a “buy” rating and a $125.00 price target for the company. Loop Capital upgraded shares of MaxLinear from a “hold” rating to a “buy” rating and lifted their price target for the stock from $17.00 to $75.00 in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $40.00 price objective on shares of MaxLinear in a research note on Friday, April 24th. Finally, Northland Securities set a $110.00 price objective on shares of MaxLinear in a report on Wednesday, June 3rd.

Insider Transactions at MaxLinear

In other MaxLinear news, Director Thomas E. Pardun sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the sale, the director owned 55,252 shares in the company, valued at $5,801,460. This represents a 16.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Connie H. Kwong sold 35,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $96.96, for a total value of $3,393,600.00. Following the transaction, the insider directly owned 13,947 shares in the company, valued at approximately $1,352,301.12. This represents a 71.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On MaxLinear

Institutional investors and hedge funds have recently made changes to their positions in the company. Pure Financial Advisors LLC bought a new position in MaxLinear in the fourth quarter worth about $1,424,000. HighTower Advisors LLC grew its holdings in shares of MaxLinear by 1.7% during the fourth quarter. HighTower Advisors LLC now owns 656,319 shares of the semiconductor company’s stock valued at $11,440,000 after purchasing an additional 10,948 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of MaxLinear during the 4th quarter worth approximately $190,000. Tudor Investment Corp ET AL raised its position in shares of MaxLinear by 68.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 427,195 shares of the semiconductor company’s stock worth $6,869,000 after purchasing an additional 173,709 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of MaxLinear by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock worth $232,279,000 after purchasing an additional 605,903 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

MaxLinear Stock Performance

Shares of MXL stock opened at $67.46 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.78 and a quick ratio of 1.15. The company’s fifty day moving average price is $85.12 and its two-hundred day moving average price is $52.73. The firm has a market capitalization of $6.12 billion, a P/E ratio of -56.69 and a beta of 3.95. MaxLinear has a 12 month low of $12.77 and a 12 month high of $128.30.

MaxLinear (NASDAQ:MXL) last announced its earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The business had revenue of $168.85 million for the quarter, compared to analyst estimates of $164.64 million. During the same period in the previous year, the company earned $0.02 earnings per share. The company’s revenue for the quarter was up 55.2% compared to the same quarter last year. On average, research analysts anticipate that MaxLinear will post 0.78 earnings per share for the current fiscal year.

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.