MaxLinear, Inc. (NYSE:MXL) Given Consensus Recommendation of “Hold” by Brokerages

MaxLinear, Inc. (NYSE:MXL) has received an average rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $25.70.

Several analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of MaxLinear in a research report on Thursday, April 25th. Benchmark reaffirmed a “buy” rating and set a $28.00 target price on shares of MaxLinear in a report on Thursday, April 25th. StockNews.com lowered shares of MaxLinear from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Finally, Northland Securities raised shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Thursday, April 4th.

Institutional Investors Weigh In On MaxLinear

A number of institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its position in MaxLinear by 8.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 490 shares during the period. New York State Common Retirement Fund raised its holdings in MaxLinear by 2.8% in the 4th quarter. New York State Common Retirement Fund now owns 31,045 shares of the semiconductor company’s stock worth $738,000 after purchasing an additional 840 shares in the last quarter. ProShare Advisors LLC raised its holdings in MaxLinear by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 15,304 shares of the semiconductor company’s stock worth $286,000 after purchasing an additional 1,061 shares in the last quarter. Swiss National Bank raised its holdings in MaxLinear by 0.9% in the 1st quarter. Swiss National Bank now owns 152,973 shares of the semiconductor company’s stock worth $2,856,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in MaxLinear by 2.2% in the 1st quarter. Texas Permanent School Fund Corp now owns 65,248 shares of the semiconductor company’s stock worth $1,218,000 after purchasing an additional 1,375 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Price Performance

Shares of NYSE MXL opened at $18.81 on Thursday. MaxLinear has a twelve month low of $13.43 and a twelve month high of $35.09. The firm has a fifty day simple moving average of $19.91 and a 200 day simple moving average of $20.04. The company has a market capitalization of $1.56 billion, a PE ratio of -9.95 and a beta of 1.92. The company has a quick ratio of 1.56, a current ratio of 1.99 and a debt-to-equity ratio of 0.19.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.02. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.75%. The firm had revenue of $95.27 million during the quarter, compared to analysts’ expectations of $94.99 million. On average, sell-side analysts forecast that MaxLinear will post -1.25 EPS 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.