MaxLinear, Inc (NASDAQ:MXL) Receives Consensus Rating of “Hold” from Brokerages

MaxLinear, Inc (NASDAQ:MXL) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $19.5714.

Several brokerages recently issued reports on MXL. Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a report on Thursday, January 22nd. Wells Fargo & Company boosted their price target on MaxLinear from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Finally, Benchmark raised their price objective on MaxLinear from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, January 16th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Summit Global Investments acquired a new position in MaxLinear in the 3rd quarter worth about $555,000. AIGH Capital Management LLC acquired a new stake in MaxLinear in the third quarter valued at approximately $17,809,000. Lisanti Capital Growth LLC purchased a new stake in shares of MaxLinear in the third quarter valued at approximately $1,180,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of MaxLinear during the 3rd quarter worth approximately $1,571,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of MaxLinear during the 3rd quarter valued at approximately $3,864,000. Institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Performance

MXL stock opened at $17.29 on Wednesday. MaxLinear has a 1-year low of $8.35 and a 1-year high of $20.82. The business has a 50-day moving average price of $18.43 and a 200 day moving average price of $16.92. The company has a market capitalization of $1.49 billion, a P/E ratio of -10.94 and a beta of 1.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.34 and a quick ratio of 0.92.

MaxLinear (NASDAQ:MXL) last posted its earnings results on Thursday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. MaxLinear had a negative net margin of 29.23% and a negative return on equity of 6.95%. The business had revenue of $136.44 million for the quarter, compared to the consensus estimate of $134.82 million. During the same quarter last year, the firm posted ($0.09) EPS. The company’s revenue for the quarter was up 48.0% on a year-over-year basis. As a group, equities research analysts forecast that MaxLinear will post -0.37 EPS for the current fiscal year.

MaxLinear announced that its board has approved a stock buyback plan on Monday, November 24th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the semiconductor company to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

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.