MaxLinear (NYSE:MXL) Stock Rating Lowered by Susquehanna

Susquehanna lowered shares of MaxLinear (NYSE:MXL) from a positive rating to a neutral rating in a research report released on Tuesday, MarketBeat Ratings reports. They currently have $15.00 price target on the semiconductor company’s stock, down from their previous price target of $26.00.

Other equities analysts also recently issued reports about the company. Benchmark reduced their price target on MaxLinear from $28.00 to $22.00 and set a buy rating on the stock in a research report on Thursday, July 25th. Craig Hallum reduced their target price on MaxLinear from $38.00 to $28.00 and set a hold rating on the stock in a research report on Thursday, July 25th. Northland Securities lowered their price target on MaxLinear from $30.00 to $25.00 and set an outperform rating for the company in a report on Thursday, July 25th. Needham & Company LLC downgraded shares of MaxLinear from a buy rating to a hold rating in a report on Thursday, July 25th. Finally, Stifel Nicolaus lifted their target price on shares of MaxLinear from $26.00 to $30.00 and gave the stock a buy rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $23.44.

MaxLinear Trading Down 0.1 %

Shares of NYSE:MXL opened at $13.42 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.12 billion, a PE ratio of -7.10 and a beta of 1.84. MaxLinear has a 12-month low of $11.08 and a 12-month high of $26.59. The business’s fifty day simple moving average is $13.29 and its 200-day simple moving average is $17.71.

MaxLinear (NYSE:MXL) last announced its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). MaxLinear had a negative return on equity of 12.39% and a negative net margin of 42.38%. The firm had revenue of $92.00 million during the quarter, compared to the consensus estimate of $100.25 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was down 50.0% compared to the same quarter last year. As a group, equities research analysts predict that MaxLinear will post -1.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MaxLinear news, CEO Kishore Seendripu purchased 108,303 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average price of $12.94 per share, for a total transaction of $1,401,440.82. Following the purchase, the chief executive officer now directly owns 531,937 shares in the company, valued at $6,883,264.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MaxLinear

A number of institutional investors have recently added to or reduced their stakes in MXL. BNP Paribas Financial Markets increased its position in shares of MaxLinear by 58.0% during the first quarter. BNP Paribas Financial Markets now owns 265,567 shares of the semiconductor company’s stock worth $4,958,000 after purchasing an additional 97,447 shares in the last quarter. Vanguard Group Inc. grew its position in shares of MaxLinear by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock valued at $275,406,000 after purchasing an additional 903,235 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of MaxLinear by 291.5% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 120,873 shares of the semiconductor company’s stock valued at $2,873,000 after purchasing an additional 90,000 shares during the last quarter. Edgestream Partners L.P. lifted its position in MaxLinear by 69.5% during the first quarter. Edgestream Partners L.P. now owns 105,355 shares of the semiconductor company’s stock worth $1,967,000 after buying an additional 43,181 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in MaxLinear during the first quarter worth approximately $59,000. 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.