MaxLinear, Inc. (NASDAQ:MXL) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $25.50.

A number of equities research analysts have issued reports on MXL shares. Northland Securities increased their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a report on Monday, January 6th. Benchmark reaffirmed a "buy" rating and set a $28.00 price objective on shares of MaxLinear in a report on Thursday, January 30th. Susquehanna cut their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Wells Fargo & Company increased their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th.

Insider Activity

In related news, insider Connie H. Kwong sold 5,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total value of $93,050.00. Following the completion of the sale, the insider now directly owns 49,147 shares in the company, valued at $914,625.67. This trade represents a 9.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven G. Litchfield sold 32,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.35, for a total value of $651,200.00. Following the completion of the sale, the insider now owns 365,868 shares of the company's stock, valued at approximately $7,445,413.80. This represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company's stock.

Institutional Trading of MaxLinear

A number of institutional investors have recently bought and sold shares of MXL. State Street Corp increased its stake in MaxLinear by 5.1% in the third quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company's stock worth $59,707,000 after purchasing an additional 198,791 shares during the period. Geode Capital Management LLC increased its stake in MaxLinear by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company's stock worth $26,152,000 after purchasing an additional 6,420 shares during the period. The Manufacturers Life Insurance Company increased its stake in MaxLinear by 3,698.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock worth $30,173,000 after purchasing an additional 1,485,256 shares during the period. Point72 Hong Kong Ltd purchased a new stake in MaxLinear in the fourth quarter worth $25,659,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in MaxLinear by 10.0% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company's stock worth $25,098,000 after purchasing an additional 115,867 shares during the period. 90.79% of the stock is currently owned by institutional investors.

MaxLinear Trading Down 3.4 %

MaxLinear stock opened at $16.60 on Friday. The firm has a 50 day moving average of $19.71 and a 200 day moving average of $16.26. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -5.67 and a beta of 1.77. MaxLinear has a 12-month low of $11.08 and a 12-month high of $26.59. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24.

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

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