UBS Group Downgrades MaxLinear (MXL) to Neutral

UBS Group downgraded shares of MaxLinear (NYSE:MXL) from a positive rating to a neutral rating in a research note published on Thursday morning, The Fly reports.

MXL has been the topic of several other reports. Zacks Investment Research upgraded MaxLinear from a sell rating to a hold rating in a research note on Tuesday, September 25th. ValuEngine upgraded MaxLinear from a strong sell rating to a sell rating in a research note on Thursday, August 9th. Needham & Company LLC dropped their price objective on MaxLinear from $22.00 to $20.00 and set a buy rating on the stock in a research note on Wednesday, August 8th. Finally, Stifel Nicolaus dropped their price objective on MaxLinear from $31.00 to $25.00 and set a $17.41 rating on the stock in a research note on Thursday, July 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. MaxLinear has an average rating of Hold and an average price target of $23.83.

Shares of NYSE:MXL opened at $15.42 on Thursday. The company has a current ratio of 2.62, a quick ratio of 2.06 and a debt-to-equity ratio of 0.76. MaxLinear has a 1-year low of $14.87 and a 1-year high of $28.06. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 1.15 and a beta of 0.91.



MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. MaxLinear had a positive return on equity of 19.00% and a negative net margin of 9.37%. The business had revenue of $101.53 million for the quarter. As a group, sell-side analysts forecast that MaxLinear will post 0.67 earnings per share for the current year.

In related news, CEO Kishore Seendripu bought 27,100 shares of MaxLinear stock in a transaction on Friday, August 10th. The stock was acquired at an average price of $18.47 per share, with a total value of $500,537.00. Following the acquisition, the chief executive officer now directly owns 130,474 shares of the company’s stock, valued at $2,409,854.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.47% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Fox Run Management L.L.C. purchased a new position in MaxLinear during the 2nd quarter valued at about $161,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in MaxLinear during the 2nd quarter valued at about $204,000. OppenheimerFunds Inc. grew its holdings in MaxLinear by 29.0% during the 2nd quarter. OppenheimerFunds Inc. now owns 13,990 shares of the semiconductor company’s stock valued at $218,000 after buying an additional 3,146 shares in the last quarter. WINTON GROUP Ltd purchased a new position in MaxLinear during the 1st quarter valued at about $394,000. Finally, Krane Funds Advisors LLC grew its holdings in MaxLinear by 85.8% during the 2nd quarter. Krane Funds Advisors LLC now owns 19,111 shares of the semiconductor company’s stock valued at $298,000 after buying an additional 8,824 shares in the last quarter. 94.84% of the stock is owned by institutional investors and hedge funds.

MaxLinear Company Profile

MaxLinear, Inc provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

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