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

MaxLinear, Inc (NASDAQ:MXL) has earned a consensus rating of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.5714.

A number of research analysts have weighed in on MXL shares. Wells Fargo & Company boosted their target price on shares of MaxLinear from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a research report on Thursday, January 22nd. Finally, Benchmark boosted their price objective on MaxLinear from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, January 16th.

Insiders Place Their Bets

In other news, insider Steven G. Litchfield sold 20,000 shares of MaxLinear stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $15.68, for a total transaction of $313,600.00. Following the sale, the insider owned 343,435 shares of the company’s stock, valued at approximately $5,385,060.80. This trade represents a 5.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 44,929 shares of company stock worth $746,456 over the last 90 days. 7.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On MaxLinear

Several institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in shares of MaxLinear by 161.7% in the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 875 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in MaxLinear by 103.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 726 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in MaxLinear in the 4th quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in MaxLinear in the fourth quarter worth $27,000. Finally, EverSource Wealth Advisors LLC boosted its stake in MaxLinear by 97.0% in the third quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Stock Up 1.6%

MXL stock opened at $17.98 on Friday. The company has a 50 day moving average of $17.74 and a two-hundred day moving average of $17.07. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -11.38 and a beta of 1.70. MaxLinear has a 12-month low of $8.35 and a 12-month high of $20.82. The company has a quick ratio of 0.92, a current ratio of 1.34 and a debt-to-equity ratio of 0.27.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Thursday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $136.44 million during the quarter, compared to analysts’ expectations of $134.82 million. MaxLinear had a negative return on equity of 6.95% and a negative net margin of 29.23%.The firm’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) EPS. On average, equities analysts anticipate that MaxLinear will post -0.37 earnings per share for the current fiscal year.

About MaxLinear

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.