MaxLinear, Inc. (NASDAQ:MXL) Given Average Recommendation of “Moderate Buy” by Analysts

MaxLinear, Inc. (NASDAQ:MXL) has received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $25.50.

A number of brokerages have recently commented on MXL. Susquehanna dropped their target price on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Benchmark restated a “buy” rating and set a $28.00 target price on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities boosted their target price on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th. Wells Fargo & Company upped their price target on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th.

Hedge Funds Weigh In On MaxLinear

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new position in MaxLinear during the 4th quarter valued at about $34,000. Pacer Advisors Inc. increased its position in shares of MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 443 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of MaxLinear during the 3rd quarter valued at about $42,000. R Squared Ltd purchased a new stake in shares of MaxLinear during the 4th quarter valued at about $45,000. Finally, Wealthfront Advisers LLC purchased a new stake in shares of MaxLinear during the 4th quarter valued at about $45,000. Institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Down 3.0 %

Shares of MaxLinear stock opened at $12.83 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $17.44 and its two-hundred day simple moving average is $16.44. The company has a market cap of $1.09 billion, a P/E ratio of -4.38 and a beta of 1.76. MaxLinear has a 12-month low of $11.08 and a 12-month high of $26.59.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. Research analysts anticipate that MaxLinear will post -0.37 EPS for the current year.

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.