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

Shares of MaxLinear, Inc (NASDAQ:MXL) have been given a consensus recommendation of “Hold” by the ten research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $44.20.

Several brokerages recently commented on MXL. Roth Mkm upgraded MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Friday, April 24th. Benchmark began coverage on shares of MaxLinear in a report on Tuesday, May 12th. They set a “buy” rating and a $28.00 target price for the company. Loop Capital raised shares of MaxLinear from a “hold” rating to a “buy” rating and upped their target price for the stock from $17.00 to $75.00 in a report on Wednesday, April 29th. Needham & Company LLC raised shares of MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Friday, April 24th. Finally, Northland Securities set a $55.00 target price on shares of MaxLinear in a report on Friday, April 24th.

MaxLinear Stock Performance

Shares of MXL stock opened at $99.16 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.12. The company has a market cap of $8.88 billion, a price-to-earnings ratio of -65.24 and a beta of 3.95. The stock has a 50 day simple moving average of $44.49 and a 200-day simple moving average of $26.93. MaxLinear has a 1-year low of $10.96 and a 1-year high of $104.27.

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

Insiders Place Their Bets

In other news, insider Steven G. Litchfield sold 20,000 shares of the company’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 completion of the sale, the insider owned 343,435 shares of the company’s stock, valued at $5,385,060.80. This represents a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Connie H. Kwong sold 35,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $96.96, for a total transaction of $3,393,600.00. Following 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 have sold 99,097 shares of company stock valued at $5,150,815 in the last ninety days. Insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On MaxLinear

A number of large investors have recently modified their holdings of MXL. Bank of America Corp DE grew its holdings in MaxLinear by 6.9% in the 1st quarter. Bank of America Corp DE now owns 641,034 shares of the semiconductor company’s stock valued at $11,148,000 after buying an additional 41,119 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in MaxLinear by 16.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 217 shares in the last quarter. California State Teachers Retirement System grew its holdings in MaxLinear by 28.4% in the 1st quarter. California State Teachers Retirement System now owns 104,040 shares of the semiconductor company’s stock valued at $1,809,000 after buying an additional 22,993 shares in the last quarter. Quantinno Capital Management LP grew its holdings in MaxLinear by 14.3% in the 1st quarter. Quantinno Capital Management LP now owns 47,858 shares of the semiconductor company’s stock valued at $832,000 after buying an additional 5,982 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in MaxLinear in the 1st quarter valued at $301,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.

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.