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

MaxLinear, Inc. (NYSE:MXLGet Free Report) has been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $25.18.

Several equities analysts recently weighed in on the stock. Wells Fargo & Company lowered shares of MaxLinear from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $35.00 to $25.00 in a research report on Wednesday, January 3rd. StockNews.com raised shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Needham & Company LLC cut their price objective on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st.

Check Out Our Latest Research Report on MaxLinear

MaxLinear Price Performance

Shares of MXL opened at $20.35 on Wednesday. The firm has a market cap of $1.67 billion, a PE ratio of -22.87 and a beta of 1.98. The firm’s 50 day moving average price is $19.33 and its 200 day moving average price is $19.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 2.20. MaxLinear has a twelve month low of $13.43 and a twelve month high of $35.11.

MaxLinear (NYSE:MXLGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, meeting the consensus estimate of ($0.17). The firm had revenue of $125.35 million for the quarter, compared to analyst estimates of $125.06 million. MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. As a group, research analysts expect that MaxLinear will post -0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On MaxLinear

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its stake in shares of MaxLinear by 171.7% in the third quarter. Advisors Asset Management Inc. now owns 1,220 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 771 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of MaxLinear in the second quarter worth $32,000. International Assets Investment Management LLC acquired a new stake in shares of MaxLinear in the third quarter worth $35,000. CWM LLC grew its stake in shares of MaxLinear by 712.8% in the third quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 2,010 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of MaxLinear by 27.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 862 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

About MaxLinear

(Get Free Report

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.

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Analyst Recommendations for MaxLinear (NYSE:MXL)

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