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

MaxLinear, Inc. (NYSE:MXL) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $23.50.

MXL has been the topic of a number of recent research reports. Craig Hallum cut their price target on shares of MaxLinear from $38.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, July 25th. Benchmark cut their target price on MaxLinear from $28.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Northland Securities decreased their price target on MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Needham & Company LLC lowered MaxLinear from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Susquehanna downgraded shares of MaxLinear from a “positive” rating to a “neutral” rating and decreased their target price for the company from $26.00 to $15.00 in a research report on Tuesday, October 1st.

Insider Activity at MaxLinear

In related news, CEO Kishore Seendripu acquired 108,303 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were bought at an average price of $12.94 per share, with a total value of $1,401,440.82. Following the transaction, the chief executive officer now directly owns 531,937 shares of the company’s stock, valued at $6,883,264.78. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MaxLinear

A number of institutional investors have recently modified their holdings of the company. Inspire Investing LLC increased its position in shares of MaxLinear by 62.8% during the third quarter. Inspire Investing LLC now owns 28,366 shares of the semiconductor company’s stock worth $411,000 after acquiring an additional 10,947 shares in the last quarter. CWM LLC increased its holdings in MaxLinear by 321.3% during the 3rd quarter. CWM LLC now owns 5,793 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 4,418 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of MaxLinear by 151.8% in the third quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 2,093 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of MaxLinear by 226.7% in the third quarter. SG Americas Securities LLC now owns 39,803 shares of the semiconductor company’s stock valued at $576,000 after purchasing an additional 27,619 shares in the last quarter. Finally, Weybosset Research & Management LLC boosted its position in shares of MaxLinear by 191.8% during the third quarter. Weybosset Research & Management LLC now owns 69,155 shares of the semiconductor company’s stock valued at $1,001,000 after buying an additional 45,457 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

MaxLinear Trading Down 0.4 %

NYSE MXL opened at $14.15 on Friday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -7.49 and a beta of 1.83. MaxLinear has a twelve month low of $11.08 and a twelve month high of $26.59. The company has a quick ratio of 1.59, a current ratio of 2.09 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average is $13.60 and its 200 day moving average is $17.35.

MaxLinear (NYSE:MXL) last announced its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). The firm had revenue of $92.00 million for the quarter, compared to analyst estimates of $100.25 million. MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.39%. The business’s revenue for the quarter was down 50.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 earnings per share. As a group, sell-side analysts expect that MaxLinear will post -1.74 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.