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

Shares of MaxLinear, Inc. (NYSE:MXL) have earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $26.09.

A number of equities analysts recently commented on MXL shares. Northland Securities raised shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Thursday, April 4th. StockNews.com cut shares of MaxLinear from a “hold” rating to a “sell” rating in a research note on Thursday. Benchmark reaffirmed a “buy” rating and set a $28.00 price target on shares of MaxLinear in a research note on Thursday. Wells Fargo & Company cut shares of MaxLinear from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $35.00 to $25.00 in a research note on Wednesday, January 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of MaxLinear in a research note on Thursday.

Institutional Investors Weigh In On MaxLinear

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of MaxLinear by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock valued at $275,406,000 after purchasing an additional 903,235 shares in the last quarter. Invesco Ltd. raised its holdings in shares of MaxLinear by 97.1% in the 3rd quarter. Invesco Ltd. now owns 3,482,949 shares of the semiconductor company’s stock valued at $77,496,000 after purchasing an additional 1,716,026 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of MaxLinear by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,912,731 shares of the semiconductor company’s stock valued at $45,469,000 after purchasing an additional 137,698 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of MaxLinear by 0.7% in the 3rd quarter. HighTower Advisors LLC now owns 684,910 shares of the semiconductor company’s stock valued at $15,240,000 after purchasing an additional 4,683 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of MaxLinear by 423.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock valued at $14,622,000 after purchasing an additional 531,529 shares in the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.

MaxLinear Stock Performance

Shares of NYSE:MXL opened at $20.59 on Friday. MaxLinear has a 52 week low of $13.43 and a 52 week high of $35.09. The stock has a market capitalization of $1.69 billion, a P/E ratio of -10.89 and a beta of 1.98. The firm has a fifty day simple moving average of $19.92 and a two-hundred day simple moving average of $19.94. The company has a quick ratio of 1.75, a current ratio of 1.99 and a debt-to-equity ratio of 0.19.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.02. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.75%. The business had revenue of $95.27 million during the quarter, compared to analysts’ expectations of $94.99 million. On average, analysts expect that MaxLinear will post -0.8 earnings per share for the current fiscal year.

MaxLinear Company Profile

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.