MaxLinear, Inc. (NYSE:MXL) Given Consensus Rating of “Hold” by Analysts

Shares of MaxLinear, Inc. (NYSE:MXL) have received an average recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $23.50.

Several equities research analysts have recently issued reports on the company. Benchmark decreased their target price on MaxLinear from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Craig Hallum lowered their price objective on shares of MaxLinear from $38.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. Stifel Nicolaus increased their target price on shares of MaxLinear from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Northland Securities lowered their price target on shares of MaxLinear from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Needham & Company LLC lowered MaxLinear from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

MaxLinear Trading Down 0.4 %

Shares of MXL stock opened at $14.15 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 2.09. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -7.49 and a beta of 1.83. MaxLinear has a 52-week low of $11.08 and a 52-week high of $26.59. The company has a 50-day simple moving average of $13.60 and a two-hundred day simple moving average of $17.35.

MaxLinear (NYSE:MXL) last released its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.06). The business had revenue of $92.00 million during the quarter, compared to the consensus estimate of $100.25 million. MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.39%. The business’s revenue was down 50.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. Research analysts anticipate that MaxLinear will post -1.74 EPS for the current fiscal year.

Insider Buying and Selling at MaxLinear

In other news, CEO Kishore Seendripu purchased 108,303 shares of the stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average cost of $12.94 per share, with a total value of $1,401,440.82. Following the completion of the acquisition, the chief executive officer now owns 531,937 shares in the company, valued at $6,883,264.78. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of MaxLinear in the first quarter worth approximately $27,000. Innealta Capital LLC bought a new position in shares of MaxLinear in the 2nd quarter worth $30,000. International Assets Investment Management LLC purchased a new stake in shares of MaxLinear during the 2nd quarter valued at $31,000. GAMMA Investing LLC lifted its holdings in shares of MaxLinear by 151.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 2,093 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in MaxLinear in the second quarter worth $56,000. Institutional investors own 90.79% of the company’s stock.

About MaxLinear

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.