MaxLinear, Inc. (MXL) Given Average Recommendation of “Hold” by Analysts

MaxLinear, Inc. (NYSE:MXL) has earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $22.20.

A number of equities analysts recently issued reports on MXL shares. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of MaxLinear in a research note on Wednesday, November 14th. ValuEngine upgraded MaxLinear from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. JPMorgan Chase & Co. initiated coverage on MaxLinear in a research note on Friday, January 4th. They set a “neutral” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research lowered MaxLinear from a “hold” rating to a “sell” rating in a research note on Saturday, February 9th.

In other MaxLinear news, insider Connie H. Kwong sold 2,093 shares of MaxLinear stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $21.70, for a total transaction of $45,418.10. Following the completion of the transaction, the insider now owns 9,161 shares in the company, valued at approximately $198,793.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert J. Moyer sold 34,575 shares of MaxLinear stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $22.79, for a total value of $787,964.25. Following the transaction, the director now owns 89,283 shares of the company’s stock, valued at approximately $2,034,759.57. The disclosure for this sale can be found here. Insiders have sold a total of 87,818 shares of company stock valued at $2,077,341 in the last quarter. Company insiders own 11.47% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in shares of MaxLinear by 24.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 584 shares during the period. Bank of Montreal Can boosted its holdings in MaxLinear by 37.3% in the 4th quarter. Bank of Montreal Can now owns 3,728 shares of the semiconductor company’s stock worth $66,000 after buying an additional 1,013 shares during the last quarter. Amalgamated Bank acquired a new stake in MaxLinear in the 4th quarter worth about $177,000. Dynamic Technology Lab Private Ltd acquired a new stake in MaxLinear in the 3rd quarter worth about $205,000. Finally, Riverhead Capital Management LLC boosted its holdings in MaxLinear by 68.8% in the 3rd quarter. Riverhead Capital Management LLC now owns 10,800 shares of the semiconductor company’s stock worth $215,000 after buying an additional 4,400 shares during the last quarter. Institutional investors and hedge funds own 94.87% of the company’s stock.

MXL stock traded up $0.21 during midday trading on Friday, reaching $24.51. The stock had a trading volume of 6,123 shares, compared to its average volume of 689,941. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.56 and a quick ratio of 1.97. MaxLinear has a 52-week low of $14.87 and a 52-week high of $26.17.

MaxLinear (NYSE:MXL) last issued its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.11. The company had revenue of $87.63 million during the quarter, compared to analyst estimates of $87.00 million. MaxLinear had a positive return on equity of 11.90% and a negative net margin of 6.80%. The firm’s quarterly revenue was down 22.9% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. As a group, equities research analysts expect that MaxLinear will post 0.77 earnings per share for the current year.

About MaxLinear

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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Analyst Recommendations for MaxLinear (NYSE:MXL)

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