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

MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven analysts that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.14.

MXL has been the topic of a number of research reports. Craig Hallum lowered their price target on MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Susquehanna downgraded MaxLinear from a "positive" rating to a "neutral" rating and lowered their target price for the company from $26.00 to $15.00 in a research note on Tuesday, October 1st. Benchmark upped their price target on MaxLinear from $22.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research report on Thursday, October 24th. Finally, Wells Fargo & Company began coverage on shares of MaxLinear in a research report on Friday, November 22nd. They set an "equal weight" rating and a $14.00 price objective for the company.

MaxLinear Stock Performance

Shares of MXL stock traded up $1.04 during trading hours on Friday, hitting $20.61. The stock had a trading volume of 903,352 shares, compared to its average volume of 782,226. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38. The firm has a market capitalization of $1.74 billion, a PE ratio of -7.58 and a beta of 1.87. The stock's 50 day moving average is $17.13 and its 200 day moving average is $16.34. MaxLinear has a twelve month low of $11.08 and a twelve month high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $81.10 million for the quarter, compared to analyst estimates of $80.40 million. MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. The firm's revenue for the quarter was down 40.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. As a group, research analysts forecast that MaxLinear will post -1.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $15.36, for a total value of $89,088.00. Following the sale, the director now directly owns 69,717 shares in the company, valued at $1,070,853.12. This represents a 7.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William Torgerson sold 6,100 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $15.40, for a total value of $93,940.00. Following the transaction, the vice president now directly owns 179,262 shares of the company's stock, valued at $2,760,634.80. The trade was a 3.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,900 shares of company stock worth $927,278. Corporate insiders own 8.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MXL. International Assets Investment Management LLC purchased a new stake in shares of MaxLinear during the second quarter worth about $31,000. Truvestments Capital LLC purchased a new stake in MaxLinear in the 3rd quarter worth approximately $42,000. GAMMA Investing LLC raised its holdings in MaxLinear by 151.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 2,093 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of MaxLinear during the 2nd quarter worth $56,000. Finally, CWM LLC boosted its holdings in shares of MaxLinear by 321.3% during the third quarter. CWM LLC now owns 5,793 shares of the semiconductor company's stock worth $84,000 after purchasing an additional 4,418 shares during the last quarter. Institutional investors and hedge funds 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.