MaxLinear, Inc (NASDAQ:MXL) Given Average Rating of “Hold” by Brokerages

MaxLinear, Inc (NASDAQ:MXL) has earned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $65.00.

MXL has been the topic of several analyst reports. Needham & Company LLC upgraded shares of MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Friday, April 24th. Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a report on Tuesday, April 21st. Roth Mkm upgraded shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $40.00 price objective on shares of MaxLinear in a report on Friday, April 24th. Finally, Benchmark started coverage on shares of MaxLinear in a report on Wednesday, May 27th. They issued a “buy” rating and a $125.00 price objective on the stock.

Insider Activity at MaxLinear

In other MaxLinear news, Director Thomas E. Pardun sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total value of $1,155,000.00. Following the completion of the sale, the director owned 55,252 shares of the company’s stock, valued at approximately $5,801,460. This represents a 16.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Connie H. Kwong sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $96.96, for a total transaction of $3,393,600.00. Following the completion of the sale, the insider directly owned 13,947 shares of the company’s stock, valued at $1,352,301.12. The trade was a 71.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,168 shares of company stock valued at $5,559,359 in the last ninety days. Insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On MaxLinear

Large investors have recently bought and sold shares of the company. Pure Financial Advisors LLC bought a new stake in MaxLinear in the fourth quarter valued at approximately $1,424,000. HighTower Advisors LLC increased its stake in MaxLinear by 1.7% in the fourth quarter. HighTower Advisors LLC now owns 656,319 shares of the semiconductor company’s stock valued at $11,440,000 after purchasing an additional 10,948 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in MaxLinear in the fourth quarter valued at approximately $190,000. Tudor Investment Corp ET AL increased its stake in MaxLinear by 68.5% in the third quarter. Tudor Investment Corp ET AL now owns 427,195 shares of the semiconductor company’s stock valued at $6,869,000 after purchasing an additional 173,709 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in MaxLinear by 21.9% in the third quarter. JPMorgan Chase & Co. now owns 533,743 shares of the semiconductor company’s stock valued at $8,583,000 after purchasing an additional 95,988 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Up 12.7%

Shares of NASDAQ MXL opened at $81.09 on Friday. The company’s 50 day simple moving average is $64.40 and its 200 day simple moving average is $34.22. MaxLinear has a fifty-two week low of $11.63 and a fifty-two week high of $106.28. The firm has a market capitalization of $7.26 billion, a P/E ratio of -53.35 and a beta of 3.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.12.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Thursday, April 23rd. The semiconductor company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. MaxLinear had a negative net margin of 25.96% and a negative return on equity of 2.33%. The business had revenue of $137.19 million for the quarter, compared to analyst estimates of $137.15 million. During the same period in the prior year, the business posted ($0.05) earnings per share. MaxLinear’s revenue was up 43.0% compared to the same quarter last year. On average, analysts predict that MaxLinear will post 0.52 EPS for the current year.

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.