MaxLinear, Inc. (NASDAQ:MXL) Given Average Recommendation of "Moderate Buy" by Analysts

MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $25.50.

Several analysts have recently issued reports on MXL shares. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research note on Thursday, January 30th. Northland Securities upped their target price on shares of MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Benchmark reiterated a "buy" rating and issued a $28.00 target price on shares of MaxLinear in a research note on Thursday, January 30th. Wells Fargo & Company upped their target price on shares of MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Finally, Susquehanna reduced their target price on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th.

Institutional Investors Weigh In On MaxLinear

A number of hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new stake in MaxLinear during the 4th quarter valued at $34,000. Pacer Advisors Inc. raised its holdings in MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 443 shares during the period. Truvestments Capital LLC bought a new stake in MaxLinear during the 3rd quarter valued at $42,000. R Squared Ltd bought a new stake in MaxLinear during the 4th quarter valued at $45,000. Finally, Wealthfront Advisers LLC bought a new stake in MaxLinear during the 4th quarter valued at $45,000. Institutional investors own 90.79% of the company's stock.

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MaxLinear Stock Down 2.1 %

MXL traded down $0.27 during trading on Wednesday, hitting $12.70. 2,241,188 shares of the company's stock were exchanged, compared to its average volume of 1,283,769. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The business's 50 day moving average is $16.98 and its two-hundred day moving average is $16.37. MaxLinear has a fifty-two week low of $11.08 and a fifty-two week high of $26.59. The stock has a market cap of $1.07 billion, a P/E ratio of -4.33 and a beta of 1.76.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. As a group, equities analysts expect that MaxLinear will post -0.37 earnings per share for the current fiscal year.

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.