Brokerages Set MaxLinear, Inc. (MXL) PT at $20.25

Share on StockTwits

MaxLinear, Inc. (NYSE:MXL) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $20.25.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Wells Fargo & Co assumed coverage on shares of MaxLinear in a research report on Tuesday, May 14th. They set a “market perform” rating for the company. Needham & Company LLC lowered shares of MaxLinear from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th.

Shares of NYSE:MXL traded down $0.67 during trading hours on Friday, hitting $21.70. 9,806 shares of the company’s stock traded hands, compared to its average volume of 507,419. MaxLinear has a 52 week low of $14.87 and a 52 week high of $28.70. The company has a current ratio of 2.44, a quick ratio of 1.86 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. MaxLinear had a negative net margin of 9.17% and a positive return on equity of 8.68%. The company had revenue of $84.64 million during the quarter, compared to analyst estimates of $84.44 million. During the same quarter last year, the firm posted $0.37 EPS. The business’s revenue for the quarter was down 23.6% on a year-over-year basis. On average, research analysts forecast that MaxLinear will post 0.66 earnings per share for the current year.

In other MaxLinear news, Director Donald E. Schrock sold 34,575 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $25.36, for a total transaction of $876,822.00. Following the completion of the sale, the director now directly owns 76,278 shares of the company’s stock, valued at $1,934,410.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.97% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of MXL. Oregon Public Employees Retirement Fund lifted its position in shares of MaxLinear by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,306 shares of the semiconductor company’s stock worth $621,000 after purchasing an additional 439 shares in the last quarter. Legal & General Group Plc lifted its position in shares of MaxLinear by 0.3% in the fourth quarter. Legal & General Group Plc now owns 145,927 shares of the semiconductor company’s stock worth $2,570,000 after purchasing an additional 455 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its position in shares of MaxLinear by 3.8% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 14,943 shares of the semiconductor company’s stock worth $263,000 after purchasing an additional 552 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of MaxLinear by 2.8% in the fourth quarter. State of Alaska Department of Revenue now owns 20,971 shares of the semiconductor company’s stock worth $369,000 after purchasing an additional 575 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of MaxLinear by 24.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 584 shares in the last quarter. 98.67% of the stock is owned by institutional investors.

About MaxLinear

MaxLinear, Inc provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

Further Reading: Trade Deficit

Analyst Recommendations for MaxLinear (NYSE:MXL)

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



Latest News

Stock Traders Buy Large Volume of Boingo Wireless Call Options
Stock Traders Buy Large Volume of Boingo Wireless Call Options
Texas Roadhouse Sees Unusually Large Options Volume
Texas Roadhouse Sees Unusually Large Options Volume
Diebold Nixdorf Inc  Receives $6.00 Consensus Price Target from Brokerages
Diebold Nixdorf Inc Receives $6.00 Consensus Price Target from Brokerages
PennyMac Mortgage Investment Trust  Declares $0.47 Quarterly Dividend
PennyMac Mortgage Investment Trust Declares $0.47 Quarterly Dividend
WillScot Corp  Receives $16.79 Average Target Price from Brokerages
WillScot Corp Receives $16.79 Average Target Price from Brokerages
Jay T. Scripter Sells 25,758 Shares of Trex Company Inc  Stock
Jay T. Scripter Sells 25,758 Shares of Trex Company Inc Stock


© 2006-2019 Ticker Report