Analysts Set MaxLinear, Inc (MXL) Price Target at $30.42

MaxLinear, Inc (NYSE:MXL) has received an average rating of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $30.42.

Several analysts have issued reports on the stock. BidaskClub downgraded shares of MaxLinear from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. TheStreet downgraded shares of MaxLinear from a “b” rating to a “c+” rating in a research note on Thursday, August 10th. Deutsche Bank AG decreased their price objective on shares of MaxLinear from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Roth Capital decreased their price objective on shares of MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus decreased their price target on shares of MaxLinear from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th.

COPYRIGHT VIOLATION WARNING: This piece of content was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/2977373/analysts-set-maxlinear-inc-mxl-price-target-at-30-42.html.

Shares of MaxLinear (NYSE MXL) traded up 0.26% during trading on Thursday, hitting $23.24. The company had a trading volume of 450,292 shares. MaxLinear has a 12-month low of $18.26 and a 12-month high of $32.47. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 42.25 and a beta of 0.58. The stock has a 50-day moving average of $23.02 and a 200 day moving average of $26.25.

MaxLinear (NYSE:MXL) last released its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The company had revenue of $104.18 million during the quarter, compared to analyst estimates of $107.77 million. MaxLinear had a return on equity of 22.29% and a net margin of 9.95%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. On average, analysts predict that MaxLinear will post $1.39 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of MXL. Russell Investments Group Ltd. raised its stake in MaxLinear by 95.5% in the first quarter. Russell Investments Group Ltd. now owns 31,213 shares of the semiconductor company’s stock worth $874,000 after buying an additional 15,250 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in MaxLinear by 36.3% in the first quarter. UBS Asset Management Americas Inc. now owns 28,558 shares of the semiconductor company’s stock worth $801,000 after buying an additional 7,611 shares in the last quarter. Karp Capital Management Corp bought a new position in MaxLinear in the first quarter worth approximately $217,000. Ameriprise Financial Inc. raised its stake in MaxLinear by 12.4% in the first quarter. Ameriprise Financial Inc. now owns 99,206 shares of the semiconductor company’s stock worth $2,783,000 after buying an additional 10,933 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in MaxLinear by 16.2% in the first quarter. Parametric Portfolio Associates LLC now owns 23,171 shares of the semiconductor company’s stock worth $650,000 after buying an additional 3,224 shares in the last quarter. 85.52% of the stock is owned by institutional investors.

MaxLinear Company Profile

MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.

Analyst Recommendations for MaxLinear (NYSE:MXL)

Receive News & Ratings for MaxLinear Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MaxLinear Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.