TheStreet upgraded shares of MaxLinear (NYSE:MXL) from a d+ rating to a c- rating in a research note released on Thursday, TheStreetRatingsTable reports.
Several other brokerages have also recently issued reports on MXL. Stifel Nicolaus boosted their price objective on shares of MaxLinear from $29.00 to $32.00 and gave the company a buy rating in a research note on Friday, July 24th. ValuEngine cut shares of MaxLinear from a buy rating to a hold rating in a research note on Wednesday, July 8th. Susquehanna Bancshares boosted their price objective on shares of MaxLinear from $15.00 to $20.00 and gave the company a neutral rating in a research note on Thursday, April 30th. Zacks Investment Research cut shares of MaxLinear from a buy rating to a hold rating in a research note on Thursday. Finally, Craig Hallum upped their price target on shares of MaxLinear from $22.00 to $35.00 and gave the stock a buy rating in a research report on Wednesday, July 8th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $29.40.
Shares of MXL opened at $25.35 on Thursday. The stock has a fifty day moving average of $22.94 and a two-hundred day moving average of $18.02. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.23 and a current ratio of 2.72. The company has a market capitalization of $1.85 billion, a PE ratio of -36.74, a price-to-earnings-growth ratio of 32.17 and a beta of 1.87. MaxLinear has a fifty-two week low of $7.79 and a fifty-two week high of $28.10.
In other MaxLinear news, VP Madhukar Reddy sold 25,352 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $16.17, for a total value of $409,941.84. Following the completion of the transaction, the vice president now directly owns 365,950 shares of the company’s stock, valued at approximately $5,917,411.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kishore Seendripu sold 32,210 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $16.17, for a total transaction of $520,835.70. Following the completion of the transaction, the chief executive officer now directly owns 77,197 shares of the company’s stock, valued at $1,248,275.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 173,431 shares of company stock valued at $3,301,835. 9.97% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of MXL. Norges Bank purchased a new position in MaxLinear in the 4th quarter valued at about $32,111,000. Alliancebernstein L.P. boosted its position in MaxLinear by 22.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,201,531 shares of the semiconductor company’s stock valued at $60,702,000 after buying an additional 946,901 shares during the last quarter. Federated Hermes Inc. purchased a new position in MaxLinear in the 1st quarter valued at about $7,751,000. Macquarie Group Ltd. raised its stake in shares of MaxLinear by 17.8% in the 4th quarter. Macquarie Group Ltd. now owns 4,185,089 shares of the semiconductor company’s stock valued at $88,807,000 after purchasing an additional 632,726 shares in the last quarter. Finally, Needham Investment Management LLC raised its stake in shares of MaxLinear by 1,087.5% in the 1st quarter. Needham Investment Management LLC now owns 475,000 shares of the semiconductor company’s stock valued at $5,543,000 after purchasing an additional 435,000 shares in the last quarter. 82.66% of the stock is owned by institutional investors.
MaxLinear Company Profile
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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