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

Shares of MaxLinear, Inc (NASDAQ:MXL) have earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $44.20.

MXL has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of MaxLinear from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Susquehanna reaffirmed a “neutral” rating and issued a $30.00 target price on shares of MaxLinear in a report on Monday, April 20th. Benchmark began coverage on shares of MaxLinear in a report on Tuesday, May 12th. They issued a “buy” rating and a $28.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a report on Tuesday, April 21st. Finally, Roth Mkm raised shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Friday, April 24th.

Insider Activity

In other news, insider Connie H. Kwong sold 35,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $96.96, for a total value of $3,393,600.00. Following the sale, the insider owned 13,947 shares of the company’s stock, valued at approximately $1,352,301.12. This represents a 71.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven G. Litchfield sold 20,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $15.68, for a total transaction of $313,600.00. Following the completion of the sale, the insider directly owned 343,435 shares in the company, valued at approximately $5,385,060.80. The trade was a 5.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 99,097 shares of company stock worth $5,150,815. 7.70% of the stock is owned by insiders.

Institutional Investors Weigh In On MaxLinear

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in MaxLinear by 161.7% during the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 875 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in MaxLinear by 103.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 726 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in MaxLinear during the 4th quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in MaxLinear during the 4th quarter worth about $27,000. Finally, EverSource Wealth Advisors LLC grew its holdings in MaxLinear by 16.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 217 shares during the last quarter. Institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Down 0.5%

Shares of MaxLinear stock opened at $99.16 on Monday. The firm has a market capitalization of $8.88 billion, a PE ratio of -65.24 and a beta of 3.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.12. The company’s fifty day moving average price is $44.49 and its two-hundred day moving average price is $26.85. MaxLinear has a 52-week low of $10.96 and a 52-week high of $104.27.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $137.19 million for the quarter, compared to analyst estimates of $137.15 million. MaxLinear had a negative net margin of 25.96% and a negative return on equity of 2.33%. The business’s revenue for the quarter was up 43.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. On average, analysts expect that MaxLinear will post 0.52 EPS for the current year.

About MaxLinear

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.