MaxLinear, Inc. (NASDAQ:MXL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of MaxLinear, Inc. (NASDAQ:MXL) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.29.

Several research firms have commented on MXL. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a report on Thursday, October 24th. Craig Hallum decreased their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Susquehanna cut shares of MaxLinear from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $26.00 to $15.00 in a report on Tuesday, October 1st. Benchmark reaffirmed a “buy” rating and issued a $22.00 target price on shares of MaxLinear in a research report on Thursday, October 24th. Finally, Wells Fargo & Company started coverage on shares of MaxLinear in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $14.00 price objective for the company.

MaxLinear Stock Up 3.2 %

Shares of NASDAQ:MXL opened at $19.26 on Monday. The firm’s 50-day moving average is $14.80 and its two-hundred day moving average is $16.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38. MaxLinear has a 1 year low of $11.08 and a 1 year high of $26.59. The firm has a market capitalization of $1.62 billion, a PE ratio of -7.08 and a beta of 1.87.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. The company had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $80.40 million. During the same period in the prior year, the company posted ($0.02) EPS. The firm’s revenue was down 40.2% compared to the same quarter last year. Analysts predict that MaxLinear will post -1.66 EPS for the current year.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, Director Ted L. Tewksbury III sold 5,800 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $15.36, for a total value of $89,088.00. Following the transaction, the director now owns 69,717 shares in the company, valued at $1,070,853.12. The trade was a 7.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Connie H. Kwong sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total value of $93,050.00. Following the completion of the transaction, the insider now owns 49,147 shares in the company, valued at approximately $914,625.67. This trade represents a 9.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,900 shares of company stock valued at $276,078 over the last quarter. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MXL. Innealta Capital LLC acquired a new stake in shares of MaxLinear during the second quarter worth $30,000. International Assets Investment Management LLC acquired a new stake in MaxLinear during the second quarter worth about $31,000. Truvestments Capital LLC bought a new position in MaxLinear in the third quarter worth about $42,000. GAMMA Investing LLC boosted its stake in MaxLinear by 151.8% in the third quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 2,093 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in MaxLinear in the second quarter valued at approximately $56,000. 90.79% of the stock is owned by institutional investors and hedge funds.

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.