MaxLinear (NYSE:MXL – Get Rating) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Monday.

A number of other brokerages have also commented on MXL. Susquehanna dropped their price target on MaxLinear from $60.00 to $55.00 in a research note on Thursday, July 28th. Susquehanna Bancshares lowered their price objective on MaxLinear from $60.00 to $55.00 in a research report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft raised their price objective on MaxLinear from $45.00 to $50.00 in a research report on Thursday, July 28th. Wells Fargo & Company lowered their price objective on MaxLinear from $66.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, July 11th. Finally, Northland Securities lowered their price objective on MaxLinear from $50.00 to $45.00 in a research report on Thursday, July 28th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $63.33.

MaxLinear Trading Down 8.1 %

Shares of MXL opened at $34.89 on Monday. The business's 50-day moving average price is $37.98 and its 200-day moving average price is $43.18. MaxLinear has a twelve month low of $30.17 and a twelve month high of $77.89. The stock has a market cap of $2.73 billion, a PE ratio of 27.05, a P/E/G ratio of 0.57 and a beta of 1.99. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.43.

Institutional Investors Weigh In On MaxLinear

Several large investors have recently bought and sold shares of MXL. FinTrust Capital Advisors LLC bought a new stake in MaxLinear in the 2nd quarter worth about $27,000. USA Financial Portformulas Corp purchased a new position in MaxLinear in the fourth quarter worth about $39,000. Cornerstone Advisory LLC purchased a new position in MaxLinear in the fourth quarter worth about $44,000. Archer Investment Corp purchased a new position in MaxLinear in the first quarter worth about $50,000. Finally, Meeder Asset Management Inc. purchased a new position in MaxLinear in the first quarter worth about $61,000. 90.26% of the stock is currently owned by institutional investors.

MaxLinear Company Profile

(Get Rating)

MaxLinear, Inc provides radiofrequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. Its products integrate various portions of a high-speed communication system, including RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression, networking layers, and power management.

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