MaxLinear (NYSE:MXL) Stock Rating Lowered by StockNews.com

MaxLinear (NYSE:MXL) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

A number of other analysts have also commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of MaxLinear in a research note on Thursday. Northland Securities raised MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Thursday, April 4th. Benchmark reaffirmed a “buy” rating and set a $28.00 price objective on shares of MaxLinear in a research note on Thursday. Finally, Wells Fargo & Company lowered MaxLinear from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $35.00 to $25.00 in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MaxLinear currently has a consensus rating of “Hold” and an average target price of $26.09.

MaxLinear Stock Down 0.4 %

MaxLinear stock opened at $20.59 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 2.20. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -10.79 and a beta of 1.98. MaxLinear has a fifty-two week low of $13.43 and a fifty-two week high of $35.09. The stock’s fifty day moving average is $19.90 and its two-hundred day moving average is $19.95.

MaxLinear (NYSE:MXL) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.02. The company had revenue of $95.27 million for the quarter, compared to analyst estimates of $94.99 million. MaxLinear had a negative return on equity of 4.63% and a negative net margin of 28.70%. Analysts predict that MaxLinear will post -0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On MaxLinear

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its holdings in shares of MaxLinear by 354.9% in the 3rd quarter. Acadian Asset Management LLC now owns 39,519 shares of the semiconductor company’s stock worth $876,000 after purchasing an additional 30,832 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of MaxLinear by 423.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock worth $14,622,000 after purchasing an additional 531,529 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of MaxLinear by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 632,251 shares of the semiconductor company’s stock worth $14,068,000 after purchasing an additional 31,589 shares during the period. GSA Capital Partners LLP raised its holdings in shares of MaxLinear by 180.9% in the 3rd quarter. GSA Capital Partners LLP now owns 82,324 shares of the semiconductor company’s stock worth $1,832,000 after purchasing an additional 53,013 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of MaxLinear by 111.2% during the 3rd quarter. Hsbc Holdings PLC now owns 113,497 shares of the semiconductor company’s stock valued at $2,534,000 after buying an additional 59,760 shares during the period. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

About MaxLinear

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.