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

Shares of MaxLinear, Inc. (NASDAQ:MXL) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $25.64.

Several equities research analysts recently commented on MXL shares. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday, October 24th. Wells Fargo & Company boosted their price target on MaxLinear from $14.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Craig Hallum dropped their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Northland Securities upped their price target on MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Finally, Susquehanna raised their price target on shares of MaxLinear from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd.

MaxLinear Stock Performance

Shares of NASDAQ MXL opened at $19.04 on Tuesday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -7.00 and a beta of 1.79. MaxLinear has a one year low of $11.08 and a one year high of $26.59. The business has a fifty day simple moving average of $19.51 and a 200 day simple moving average of $16.41. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, Director Ted L. Tewksbury III sold 5,800 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.36, for a total value of $89,088.00. Following the completion of the transaction, the director now owns 69,717 shares of the company’s stock, valued at $1,070,853.12. This represents a 7.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven G. Litchfield sold 32,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.35, for a total transaction of $651,200.00. Following the completion of the transaction, the insider now owns 365,868 shares of the company’s stock, valued at approximately $7,445,413.80. This trade represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,900 shares of company stock valued at $927,278 in the last ninety days. 8.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MaxLinear

A number of institutional investors have recently made changes to their positions in MXL. Dimensional Fund Advisors LP raised its stake in MaxLinear by 10.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,071,183 shares of the semiconductor company’s stock worth $41,714,000 after buying an additional 192,021 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of MaxLinear in the 2nd quarter worth about $56,000. Sei Investments Co. lifted its stake in shares of MaxLinear by 40.5% in the 2nd quarter. Sei Investments Co. now owns 30,537 shares of the semiconductor company’s stock valued at $615,000 after purchasing an additional 8,808 shares during the period. Bank of Montreal Can bought a new stake in shares of MaxLinear during the 2nd quarter valued at about $1,480,000. Finally, Marshall Wace LLP grew its stake in MaxLinear by 58.4% during the second quarter. Marshall Wace LLP now owns 193,883 shares of the semiconductor company’s stock worth $3,905,000 after purchasing an additional 71,512 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.