MaxLinear, Inc. (NASDAQ:MXL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

MaxLinear, Inc. (NASDAQ:MXL) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.50.

MXL has been the topic of several recent research reports. Susquehanna dropped their price target on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Wells Fargo & Company raised their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Benchmark reaffirmed a “buy” rating and issued a $28.00 price target on shares of MaxLinear in a research report on Thursday, January 30th. Northland Securities raised their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th.

Hedge Funds Weigh In On MaxLinear

Several hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of MaxLinear by 5.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,210 shares of the semiconductor company’s stock worth $2,912,000 after purchasing an additional 7,711 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of MaxLinear by 29.2% during the 4th quarter. Two Sigma Advisers LP now owns 896,549 shares of the semiconductor company’s stock worth $17,734,000 after purchasing an additional 202,400 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of MaxLinear by 27.7% during the 4th quarter. Two Sigma Investments LP now owns 929,890 shares of the semiconductor company’s stock worth $18,393,000 after purchasing an additional 201,607 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of MaxLinear by 1,813.5% during the 4th quarter. Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company’s stock worth $24,850,000 after purchasing an additional 1,190,647 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of MaxLinear during the 4th quarter worth approximately $25,659,000. Institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Performance

Shares of MXL opened at $12.70 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. The stock has a 50-day moving average of $16.98 and a 200-day moving average of $16.41. The company has a market cap of $1.07 billion, a PE ratio of -4.33 and a beta of 1.76. MaxLinear has a one year low of $11.08 and a one year high of $26.59.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. On average, equities research analysts predict that MaxLinear will post -0.37 EPS for the current fiscal year.

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.