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

MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $23.86.

Several research analysts recently issued reports on the company. Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a research report on Thursday, October 24th. Northland Securities decreased their price objective on shares of MaxLinear from $30.00 to $25.00 and set an "outperform" rating for the company in a research report on Thursday, July 25th. Susquehanna lowered shares of MaxLinear from a "positive" rating to a "neutral" rating and dropped their price objective for the stock from $26.00 to $15.00 in a research note on Tuesday, October 1st. Craig Hallum decreased their price objective on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Finally, Stifel Nicolaus raised their target price on shares of MaxLinear from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 18th.

MaxLinear Stock Performance

Shares of MXL traded down $0.02 during mid-day trading on Thursday, hitting $14.86. 671,612 shares of the company's stock were exchanged, compared to its average volume of 1,004,400. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.25 billion, a P/E ratio of -5.46 and a beta of 1.85. MaxLinear has a fifty-two week low of $11.08 and a fifty-two week high of $26.59. The business's 50 day moving average is $14.25 and its two-hundred day moving average is $16.49.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.04). MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The business had revenue of $81.10 million during the quarter, compared to analysts' expectations of $80.40 million. During the same period in the prior year, the firm posted ($0.02) EPS. MaxLinear's revenue for the quarter was down 40.2% compared to the same quarter last year. On average, equities analysts expect that MaxLinear will post -1.66 earnings per share for the current year.

Insiders Place Their Bets

In other MaxLinear news, VP William Torgerson sold 6,100 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $15.40, for a total transaction of $93,940.00. Following the completion of the sale, the vice president now directly owns 179,262 shares in the company, valued at $2,760,634.80. This trade represents a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.60% of the company's stock.

Institutional Trading of MaxLinear

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hood River Capital Management LLC acquired a new position in shares of MaxLinear during the second quarter worth $24,184,000. Vaughan Nelson Investment Management L.P. acquired a new position in MaxLinear in the third quarter valued at $16,696,000. Millennium Management LLC lifted its holdings in MaxLinear by 307.9% in the second quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company's stock valued at $21,039,000 after buying an additional 788,558 shares during the period. Vanguard Group Inc. lifted its holdings in MaxLinear by 5.8% in the first quarter. Vanguard Group Inc. now owns 12,253,823 shares of the semiconductor company's stock valued at $228,779,000 after buying an additional 667,550 shares during the period. Finally, FMR LLC lifted its holdings in MaxLinear by 184.5% in the third quarter. FMR LLC now owns 456,929 shares of the semiconductor company's stock valued at $6,616,000 after buying an additional 296,339 shares during the period. Institutional investors own 90.79% of the company's stock.

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.