MaxLinear, Inc (NASDAQ:MXL) Receives Consensus Rating of “Hold” from Analysts

Shares of MaxLinear, Inc (NASDAQ:MXL) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $65.00.

MXL has been the subject of a number of research analyst reports. Loop Capital upgraded shares of MaxLinear from a “hold” rating to a “buy” rating and increased their price target for the company from $17.00 to $75.00 in a report on Wednesday, April 29th. Roth Mkm upgraded shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a report on Friday, April 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MaxLinear in a report on Tuesday, April 21st. Northland Securities set a $110.00 price target on shares of MaxLinear in a report on Wednesday, June 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target (up from $49.00) on shares of MaxLinear in a report on Wednesday, June 3rd.

MaxLinear Stock Up 7.1%

Shares of MaxLinear stock opened at $88.76 on Friday. The company has a market cap of $7.95 billion, a P/E ratio of -58.39 and a beta of 3.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.70. MaxLinear has a one year low of $12.73 and a one year high of $106.28. The firm has a fifty day moving average of $71.18 and a two-hundred day moving average of $36.70.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $137.19 million during the quarter, compared to the consensus estimate of $137.15 million. MaxLinear had a negative net margin of 25.96% and a negative return on equity of 2.33%. The business’s revenue was up 43.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) EPS. On average, analysts forecast that MaxLinear will post 0.52 earnings per share for the current year.

Insider Transactions at MaxLinear

In other news, Director Thomas E. Pardun sold 11,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total value of $1,155,000.00. Following the completion of the transaction, the director owned 55,252 shares in the company, valued at $5,801,460. This trade represents a 16.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Connie H. Kwong sold 35,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $96.96, for a total transaction of $3,393,600.00. Following the completion of the transaction, the insider owned 13,947 shares of the company’s stock, valued at $1,352,301.12. This represents a 71.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,168 shares of company stock valued at $5,559,359 in the last quarter. Insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On MaxLinear

A number of large investors have recently added to or reduced their stakes in MXL. Royal Bank of Canada grew its stake in MaxLinear by 3.1% in the 1st quarter. Royal Bank of Canada now owns 72,664 shares of the semiconductor company’s stock valued at $789,000 after acquiring an additional 2,204 shares during the last quarter. AQR Capital Management LLC grew its stake in MaxLinear by 56.0% in the 1st quarter. AQR Capital Management LLC now owns 296,297 shares of the semiconductor company’s stock valued at $3,218,000 after acquiring an additional 106,355 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in MaxLinear by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,437 shares of the semiconductor company’s stock valued at $515,000 after acquiring an additional 2,043 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in MaxLinear by 0.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 535,230 shares of the semiconductor company’s stock valued at $5,813,000 after acquiring an additional 2,039 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in MaxLinear by 23.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 182,362 shares of the semiconductor company’s stock valued at $1,980,000 after acquiring an additional 35,152 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

About MaxLinear

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.