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

Shares of MaxLinear, Inc. (NYSE:MXL) have been given an average rating of “Hold” by the twelve research firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $26.09.

MXL has been the subject of several research analyst reports. Benchmark reiterated a “buy” rating and set a $28.00 target price on shares of MaxLinear in a research note on Thursday, April 25th. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of MaxLinear in a report on Thursday, April 25th. StockNews.com cut shares of MaxLinear from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, Northland Securities upgraded shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Thursday, April 4th.

MaxLinear Stock Performance

Shares of MXL stock opened at $19.99 on Friday. The company has a fifty day moving average price of $20.02 and a two-hundred day moving average price of $19.87. MaxLinear has a one year low of $13.43 and a one year high of $35.09. The stock has a market cap of $1.64 billion, a P/E ratio of -10.58 and a beta of 1.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.56.

MaxLinear (NYSE:MXL) last issued its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $94.99 million. As a group, equities analysts predict that MaxLinear will post -1.25 EPS for the current year.

Institutional Trading of MaxLinear

A number of hedge funds have recently added to or reduced their stakes in MXL. Vanguard Group Inc. increased its stake in shares of MaxLinear by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock valued at $275,406,000 after buying an additional 903,235 shares during the period. Invesco Ltd. raised its stake in shares of MaxLinear by 97.1% during the third quarter. Invesco Ltd. now owns 3,482,949 shares of the semiconductor company’s stock valued at $77,496,000 after acquiring an additional 1,716,026 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MaxLinear by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,731 shares of the semiconductor company’s stock worth $45,469,000 after purchasing an additional 137,698 shares during the period. HighTower Advisors LLC grew its stake in shares of MaxLinear by 0.7% in the third quarter. HighTower Advisors LLC now owns 684,910 shares of the semiconductor company’s stock worth $15,240,000 after purchasing an additional 4,683 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in MaxLinear by 423.1% in the third 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 during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.

About MaxLinear

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.