MaxLinear, Inc (MXL) Receives Consensus Recommendation of “Buy” from Analysts
MaxLinear, Inc (NYSE:MXL) has earned a consensus rating of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $30.42.
Several research firms have recently weighed in on MXL. Needham & Company LLC lowered their price objective on shares of MaxLinear from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, July 17th. BidaskClub lowered shares of MaxLinear from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Stifel Nicolaus boosted their price objective on shares of MaxLinear from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, July 4th. Deutsche Bank AG lowered their price objective on shares of MaxLinear from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Finally, Roth Capital reduced their target price on shares of MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a report on Wednesday, August 9th.
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Several hedge funds have recently made changes to their positions in MXL. LS Investment Advisors LLC bought a new stake in shares of MaxLinear during the 2nd quarter worth about $134,000. Ameritas Investment Partners Inc. bought a new stake in shares of MaxLinear during the 1st quarter worth about $135,000. D.A. Davidson & CO. boosted its holdings in shares of MaxLinear by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock worth $147,000 after buying an additional 45 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of MaxLinear by 10.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,404 shares of the semiconductor company’s stock worth $179,000 after buying an additional 624 shares during the period. Finally, Pinebridge Investments L.P. bought a new stake in shares of MaxLinear during the 2nd quarter worth about $192,000. 85.52% of the stock is owned by institutional investors and hedge funds.
MaxLinear (NYSE:MXL) traded down 1.53% during midday trading on Thursday, reaching $23.18. 407,223 shares of the company’s stock were exchanged. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 25.47 and a beta of 0.58. The firm has a 50-day moving average price of $22.93 and a 200 day moving average price of $26.31. MaxLinear has a 52 week low of $18.26 and a 52 week high of $32.47.
MaxLinear (NYSE:MXL) last released its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $104.18 million for the quarter, compared to analyst estimates of $107.77 million. MaxLinear had a net margin of 9.95% and a return on equity of 22.29%. MaxLinear’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS. Analysts anticipate that MaxLinear will post $1.39 EPS for the current year.
MaxLinear Company Profile
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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