MaxLinear, Inc. (NASDAQ:MXL) Given Average Rating of “Moderate Buy” by Analysts

MaxLinear, Inc. (NASDAQ:MXL) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.86.

MXL has been the topic of several research reports. Craig Hallum lowered their price target on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Stifel Nicolaus raised their price objective on MaxLinear from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Northland Securities decreased their target price on MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research report on Thursday, October 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $22.00 target price on shares of MaxLinear in a research report on Thursday, October 24th.

Insider Buying and Selling

In related news, VP William Torgerson sold 6,100 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $15.40, for a total value of $93,940.00. Following the sale, the vice president now owns 179,262 shares of the company’s stock, valued at approximately $2,760,634.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.60% of the company’s stock.

Institutional Trading of MaxLinear

Several hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of MaxLinear in the 1st quarter worth $27,000. Innealta Capital LLC acquired a new position in shares of MaxLinear in the 2nd quarter worth $30,000. International Assets Investment Management LLC acquired a new position in shares of MaxLinear in the 2nd quarter worth $31,000. Canada Pension Plan Investment Board purchased a new position in shares of MaxLinear during the second quarter valued at $56,000. Finally, Truvestments Capital LLC purchased a new position in shares of MaxLinear during the third quarter valued at $42,000. Institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Down 4.7 %

NASDAQ:MXL opened at $14.88 on Thursday. The firm has a market cap of $1.26 billion, a P/E ratio of -5.47 and a beta of 1.85. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $14.25 and its 200-day simple moving average is $16.49. MaxLinear has a 12-month low of $11.08 and a 12-month high of $26.59.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The company had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.40 million. During the same quarter last year, the business earned ($0.02) EPS. The firm’s revenue for the quarter was down 40.2% on a year-over-year basis. Equities analysts anticipate that MaxLinear will post -1.66 EPS for the current year.

MaxLinear Company Profile

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.