MaxLinear (NYSE:MXL) Earns “Buy” Rating from Benchmark

Benchmark reissued their buy rating on shares of MaxLinear (NYSE:MXL) in a report released on Thursday, Benzinga reports. Benchmark currently has a $28.00 price target on the semiconductor company’s stock.

Several other equities research analysts have also commented on MXL. Needham & Company LLC restated a buy rating and issued a $25.00 price target on shares of MaxLinear in a report on Thursday. Northland Securities raised shares of MaxLinear from a market perform rating to an outperform rating and set a $30.00 price objective on the stock in a research report on Thursday, April 4th. StockNews.com raised shares of MaxLinear from a sell rating to a hold rating in a research report on Thursday, February 29th. Finally, Wells Fargo & Company downgraded shares of MaxLinear from an overweight rating to an equal weight rating and cut their price objective for the stock from $35.00 to $25.00 in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $26.09.

MaxLinear Trading Down 1.2 %

NYSE:MXL opened at $20.68 on Thursday. MaxLinear has a one year low of $13.43 and a one year high of $35.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 2.20. The firm has a market cap of $1.69 billion, a P/E ratio of -10.94 and a beta of 1.98. The firm has a 50-day simple moving average of $19.90 and a 200-day simple moving average of $19.95.

MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.02. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.63%. The business had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.99 million. Equities analysts anticipate that MaxLinear will post -0.8 EPS for the current fiscal year.

Institutional Trading of MaxLinear

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its stake in shares of MaxLinear by 354.9% in the 3rd quarter. Acadian Asset Management LLC now owns 39,519 shares of the semiconductor company’s stock valued at $876,000 after purchasing an additional 30,832 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of MaxLinear by 423.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock valued at $14,622,000 after purchasing an additional 531,529 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of MaxLinear by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 632,251 shares of the semiconductor company’s stock valued at $14,068,000 after purchasing an additional 31,589 shares during the period. GSA Capital Partners LLP lifted its stake in shares of MaxLinear by 180.9% in the 3rd quarter. GSA Capital Partners LLP now owns 82,324 shares of the semiconductor company’s stock valued at $1,832,000 after purchasing an additional 53,013 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of MaxLinear by 111.2% in the 3rd quarter. Hsbc Holdings PLC now owns 113,497 shares of the semiconductor company’s stock valued at $2,534,000 after purchasing an additional 59,760 shares during the period. 90.79% of the stock is owned by hedge funds and other institutional investors.

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.