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

Shares of MaxLinear, Inc (NASDAQ:MXL) have been assigned an average rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $65.50.

MXL has been the subject of several recent research reports. Roth Capital raised 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. Wall Street Zen raised MaxLinear from a “hold” rating to a “buy” rating in a research note on Sunday. Stifel Nicolaus boosted their target price on shares of MaxLinear from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Needham & Company LLC upgraded shares of MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Friday, April 24th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $30.00 price target on shares of MaxLinear in a research note on Monday, April 20th.

MaxLinear Price Performance

Shares of NASDAQ MXL traded down $8.71 on Tuesday, hitting $86.97. The company’s stock had a trading volume of 441,439 shares, compared to its average volume of 3,105,853. The stock has a 50 day moving average of $88.64 and a 200-day moving average of $43.49. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of -57.21 and a beta of 3.91. MaxLinear has a 12-month low of $12.77 and a 12-month high of $128.30. 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 issued its quarterly earnings data on Thursday, April 23rd. The semiconductor company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $137.15 million. During the same period last year, the company posted ($0.05) EPS. The company’s revenue was up 43.0% on a year-over-year basis. As a group, research analysts predict that MaxLinear will post 0.52 EPS for the current year.

Insider Buying and Selling

In other MaxLinear news, Director Thomas E. Pardun sold 11,000 shares of MaxLinear 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 directly owned 55,252 shares of the company’s stock, valued at approximately $5,801,460. The trade was a 16.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Connie H. Kwong sold 35,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $96.96, for a total value of $3,393,600.00. Following the transaction, the insider directly owned 13,947 shares in the company, valued at approximately $1,352,301.12. This represents a 71.51% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 65,168 shares of company stock worth $5,559,358. 7.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC purchased a new position in shares of MaxLinear during the 2nd quarter worth about $134,000. Larson Financial Group LLC grew its holdings in MaxLinear by 161.7% in the fourth quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 875 shares during the period. Smartleaf Asset Management LLC increased its position in MaxLinear by 103.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 726 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in MaxLinear during the fourth quarter worth approximately $25,000. Finally, International Assets Investment Management LLC purchased a new position in MaxLinear during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

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.