MaxLinear (NYSE:MXL) Downgraded by StockNews.com

StockNews.com downgraded shares of MaxLinear (NYSE:MXL) from a hold rating to a sell rating in a report issued on Thursday morning.

Several other equities analysts also recently weighed in on MXL. Needham & Company LLC restated a buy rating and set a $25.00 target price on shares of MaxLinear in a report on Thursday. Northland Securities upgraded shares of MaxLinear from a market perform rating to an outperform rating and set a $30.00 target price for the company in a report on Thursday, April 4th. Wells Fargo & Company downgraded shares of MaxLinear from an overweight rating to an equal weight rating and dropped their target price for the company from $35.00 to $25.00 in a report on Wednesday, January 3rd. Finally, Benchmark restated a buy rating and set a $28.00 target price on shares of MaxLinear in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, MaxLinear currently has a consensus rating of Hold and a consensus price target of $26.09.

MaxLinear Stock Performance

Shares of MXL opened at $20.59 on Thursday. The company has a 50-day simple moving average of $19.92 and a 200-day simple moving average of $19.93. The company has a quick ratio of 1.75, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.69 billion, a PE ratio of -10.89 and a beta of 1.98. MaxLinear has a 52-week low of $13.43 and a 52-week high of $35.09.

MaxLinear (NYSE:MXL) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share 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 4.75%. The firm had revenue of $95.27 million during the quarter, compared to the consensus estimate of $94.99 million. Equities research analysts predict that MaxLinear will post -0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MaxLinear

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC grew its holdings in shares of MaxLinear by 712.8% during the third quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock worth $51,000 after buying an additional 2,010 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of MaxLinear by 27.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 862 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of MaxLinear by 289.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 3,020 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of MaxLinear by 8.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 490 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of MaxLinear by 39.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,320 shares of the semiconductor company’s stock worth $185,000 after acquiring an additional 2,355 shares during the last quarter. 90.79% of the stock is currently 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.