MaxLinear (NYSE:MXL) had its price objective decreased by Needham & Company LLC from $32.00 to $30.00 in a research report released on Wednesday. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.
A number of other analysts also recently issued reports on MXL. Zacks Investment Research downgraded shares of MaxLinear from a strong-buy rating to a hold rating in a report on Wednesday, January 10th. Roth Capital restated a buy rating and set a $33.00 price objective on shares of MaxLinear in a report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. MaxLinear currently has a consensus rating of Buy and a consensus target price of $31.20.
Shares of MaxLinear (NYSE MXL) opened at $23.22 on Wednesday. MaxLinear has a 1-year low of $20.38 and a 1-year high of $32.47. The company has a current ratio of 2.23, a quick ratio of 1.58 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1,708.77, a PE ratio of 22.00 and a beta of 0.41.
MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. MaxLinear had a negative net margin of 2.19% and a positive return on equity of 20.71%. The business had revenue of $113.72 million during the quarter, compared to the consensus estimate of $114.01 million. analysts forecast that MaxLinear will post 1.39 EPS for the current fiscal year.
In other news, VP Brendan Walsh sold 25,018 shares of MaxLinear stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $28.00, for a total value of $700,504.00. Following the completion of the transaction, the vice president now owns 155,441 shares in the company, valued at $4,352,348. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.92% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of MXL. Ameritas Investment Partners Inc. increased its stake in shares of MaxLinear by 9.5% in the second quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 460 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of MaxLinear by 59.4% in the third quarter. LS Investment Advisors LLC now owns 7,638 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 2,846 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of MaxLinear in the third quarter worth about $205,000. GSA Capital Partners LLP purchased a new position in shares of MaxLinear in the second quarter worth about $208,000. Finally, Meadow Creek Investment Management LLC purchased a new position in shares of MaxLinear in the fourth quarter worth about $216,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.
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MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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