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

Shares of MaxLinear, Inc (NASDAQ:MXL) have received a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $19.5714.

MXL has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a report on Thursday, January 22nd. 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 research report on Friday, January 30th. Finally, Benchmark upped their price target on shares of MaxLinear from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, January 16th.

MaxLinear Stock Performance

Shares of MXL opened at $17.00 on Friday. MaxLinear has a 1 year low of $8.35 and a 1 year high of $20.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.34 and a quick ratio of 0.92. The stock’s fifty day moving average price is $17.91 and its two-hundred day moving average price is $17.04. The firm has a market cap of $1.47 billion, a PE ratio of -10.76 and a beta of 1.70.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Thursday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. MaxLinear had a negative return on equity of 6.95% and a negative net margin of 29.23%.The company had revenue of $136.44 million during the quarter, compared to the consensus estimate of $134.82 million. During the same quarter in the prior year, the company earned ($0.09) EPS. The firm’s quarterly revenue was up 48.0% compared to the same quarter last year. On average, equities research analysts forecast that MaxLinear will post -0.37 EPS for the current year.

Insider Transactions at MaxLinear

In other MaxLinear news, insider Steven G. Litchfield sold 20,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $15.68, for a total transaction of $313,600.00. Following the sale, the insider owned 343,435 shares of the company’s stock, valued at $5,385,060.80. The trade was a 5.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 44,929 shares of company stock worth $746,456. Insiders own 7.80% of the company’s stock.

Institutional Trading of MaxLinear

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pure Financial Advisors LLC bought a new position in MaxLinear in the 4th quarter worth about $1,424,000. Invesco Ltd. increased its position in shares of MaxLinear by 419.9% during the fourth quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock valued at $37,467,000 after buying an additional 1,736,141 shares during the period. Summit Global Investments increased its position in shares of MaxLinear by 68.2% during the fourth quarter. Summit Global Investments now owns 58,007 shares of the semiconductor company’s stock valued at $1,011,000 after buying an additional 23,510 shares during the period. XTX Topco Ltd lifted its holdings in shares of MaxLinear by 75.0% in the fourth quarter. XTX Topco Ltd now owns 54,622 shares of the semiconductor company’s stock worth $952,000 after buying an additional 23,417 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of MaxLinear in the fourth quarter worth about $204,000. 90.79% of the stock is currently owned by institutional investors.

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.