Recent Research Analysts’ Ratings Updates for MaxLinear (MXL)

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Several brokerages have updated their recommendations and price targets on shares of MaxLinear (NYSE: MXL) in the last few weeks:

  • 6/5/2019 – MaxLinear was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Company’s integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinear’s current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California. “
  • 6/4/2019 – MaxLinear had its price target lowered by analysts at Roth Capital from $28.00 to $23.00. They now have a “neutral” rating on the stock.
  • 5/30/2019 – MaxLinear was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Company’s integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinear’s current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California. “
  • 5/22/2019 – MaxLinear was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Company’s integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinear’s current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California. “
  • 5/15/2019 – MaxLinear was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Company’s integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinear’s current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California. “
  • 5/14/2019 – MaxLinear is now covered by analysts at Wells Fargo & Co. They set a “market perform” rating on the stock.
  • 5/8/2019 – MaxLinear was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Company’s integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinear’s current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California. “
  • 5/2/2019 – MaxLinear was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.

Shares of MXL opened at $22.13 on Wednesday. MaxLinear, Inc. has a 12-month low of $14.87 and a 12-month high of $28.70. The company has a quick ratio of 1.86, a current ratio of 2.44 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 3.05 and a beta of 1.29.

MaxLinear (NYSE:MXL) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. MaxLinear had a positive return on equity of 8.68% and a negative net margin of 9.17%. The business had revenue of $84.64 million during the quarter, compared to analysts’ expectations of $84.44 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The business’s revenue for the quarter was down 23.6% compared to the same quarter last year. As a group, research analysts forecast that MaxLinear, Inc. will post 0.57 earnings per share for the current fiscal year.

In other MaxLinear news, VP Michael J. Lachance sold 36,470 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $21.65, for a total value of $789,575.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.97% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. bought a new position in MaxLinear in the first quarter worth approximately $30,000. PNC Financial Services Group Inc. boosted its holdings in 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 acquiring an additional 584 shares in the last quarter. Truvestments Capital LLC bought a new position in MaxLinear in the first quarter worth approximately $59,000. Bank of Montreal Can boosted its holdings in MaxLinear by 37.3% in the fourth quarter. Bank of Montreal Can now owns 3,728 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 1,013 shares in the last quarter. Finally, Amalgamated Bank bought a new position in MaxLinear in the fourth quarter worth approximately $177,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

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.

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