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

MaxLinear, Inc. (NYSE:MXL) has received an average rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $25.70.

Several analysts recently commented on the stock. Benchmark reissued a “buy” rating and set a $28.00 price objective on shares of MaxLinear in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of MaxLinear in a research report on Thursday, April 25th. Northland Securities upgraded shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Thursday, April 4th. Finally, StockNews.com lowered MaxLinear from a “hold” rating to a “sell” rating in a report on Thursday, April 25th.

MaxLinear Trading Down 2.1 %

NYSE:MXL opened at $22.25 on Friday. The firm has a market capitalization of $1.85 billion, a P/E ratio of -11.77 and a beta of 1.84. 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 has a one year low of $13.43 and a one year high of $35.09. The company’s 50-day simple moving average is $19.34 and its 200 day simple moving average is $20.11.

MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.02. MaxLinear had a negative return on equity of 4.75% and a negative net margin of 28.70%. The business had revenue of $95.27 million during the quarter, compared to analysts’ expectations of $94.99 million. As a group, analysts forecast that MaxLinear will post -1.25 EPS for the current fiscal year.

Institutional Trading of MaxLinear

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of MaxLinear by 12.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,683,038 shares of the semiconductor company’s stock valued at $237,698,000 after acquiring an additional 1,199,257 shares during the period. Assenagon Asset Management S.A. purchased a new stake in MaxLinear in the fourth quarter worth about $7,553,000. Comerica Bank lifted its position in shares of MaxLinear by 472.6% during the 1st quarter. Comerica Bank now owns 194,405 shares of the semiconductor company’s stock valued at $3,630,000 after buying an additional 160,456 shares in the last quarter. Federated Hermes Inc. lifted its holdings in MaxLinear by 2,412.2% during the fourth quarter. Federated Hermes Inc. now owns 162,916 shares of the semiconductor company’s stock valued at $3,873,000 after purchasing an additional 156,431 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of MaxLinear by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,912,731 shares of the semiconductor company’s stock valued at $45,469,000 after purchasing an additional 137,698 shares during the period. Institutional investors own 90.79% of the company’s stock.

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.