MaxLinear, Inc. (NYSE:MXL) Receives Average Rating of “Hold” from Brokerages

Shares of MaxLinear, Inc. (NYSE:MXL) have earned an average rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $24.67.

Several brokerages have recently commented on MXL. Stifel Nicolaus boosted their price objective on MaxLinear from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Benchmark dropped their price target on MaxLinear from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Needham & Company LLC cut shares of MaxLinear from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Northland Securities lowered their target price on shares of MaxLinear from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Susquehanna cut their target price on shares of MaxLinear from $30.00 to $26.00 and set a “positive” rating for the company in a research note on Thursday, July 25th.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, CEO Kishore Seendripu bought 108,303 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average cost of $12.94 per share, for a total transaction of $1,401,440.82. Following the transaction, the chief executive officer now owns 531,937 shares of the company’s stock, valued at $6,883,264.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On MaxLinear

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Simplicity Wealth LLC raised its holdings in MaxLinear by 3.1% during the 2nd quarter. Simplicity Wealth LLC now owns 19,283 shares of the semiconductor company’s stock valued at $388,000 after buying an additional 579 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of MaxLinear by 2.8% in the 4th quarter. New York State Common Retirement Fund now owns 31,045 shares of the semiconductor company’s stock worth $738,000 after acquiring an additional 840 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of MaxLinear by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 15,304 shares of the semiconductor company’s stock worth $286,000 after purchasing an additional 1,061 shares during the period. Louisiana State Employees Retirement System grew its holdings in MaxLinear by 3.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 38,000 shares of the semiconductor company’s stock valued at $765,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Swiss National Bank grew its holdings in MaxLinear by 0.9% during the 1st quarter. Swiss National Bank now owns 152,973 shares of the semiconductor company’s stock valued at $2,856,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Price Performance

NYSE MXL opened at $13.13 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. MaxLinear has a 12 month low of $11.08 and a 12 month high of $26.59. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -6.95 and a beta of 1.85. The company’s 50 day moving average is $16.46 and its two-hundred day moving average is $18.40.

MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.06). The firm had revenue of $92.00 million for the quarter, compared to the consensus estimate of $100.25 million. MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.39%. The firm’s revenue for the quarter was down 50.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. As a group, research analysts anticipate that MaxLinear will post -1.6 earnings per share for the current 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.