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

MaxLinear, Inc. (NYSE:MXL) has received an average rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $25.70.

A number of equities analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $28.00 price target on shares of MaxLinear in a research note on Thursday, April 25th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of MaxLinear in a research note on Thursday, April 25th. StockNews.com lowered MaxLinear from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, Northland Securities raised MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Thursday, April 4th.

Institutional Trading of MaxLinear

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank raised its holdings in shares of MaxLinear by 472.6% during the first quarter. Comerica Bank now owns 194,405 shares of the semiconductor company’s stock worth $3,630,000 after acquiring an additional 160,456 shares in the last quarter. Bayesian Capital Management LP bought a new position in MaxLinear during the first quarter valued at about $539,000. EntryPoint Capital LLC bought a new position in MaxLinear during the first quarter valued at about $59,000. CANADA LIFE ASSURANCE Co raised its holdings in MaxLinear by 33.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 80,015 shares of the semiconductor company’s stock valued at $1,491,000 after buying an additional 19,946 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in MaxLinear during the first quarter valued at about $315,000. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

MaxLinear Stock Performance

Shares of NYSE MXL opened at $20.16 on Monday. The company has a current ratio of 1.99, a quick ratio of 1.56 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $19.09 and a 200-day simple moving average of $20.09. The company has a market cap of $1.68 billion, a PE ratio of -10.67 and a beta of 1.83. MaxLinear has a 12-month low of $13.43 and a 12-month high of $35.09.

MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.02. The firm had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.99 million. MaxLinear had a negative return on equity of 4.75% and a negative net margin of 28.70%. On average, equities research analysts forecast that MaxLinear will post -1.25 EPS for the current year.

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.