MaxLinear, Inc. (NYSE:MXL – Get Rating) has been assigned a consensus rating of "Buy" from the ten brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $63.33.

Several brokerages have recently issued reports on MXL. Deutsche Bank Aktiengesellschaft increased their target price on MaxLinear from $45.00 to $50.00 in a research report on Thursday, July 28th. Wells Fargo & Company decreased their target price on MaxLinear from $66.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, July 11th. Susquehanna decreased their target price on MaxLinear from $60.00 to $55.00 in a research report on Thursday, July 28th. StockNews.com downgraded MaxLinear from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 12th. Finally, Northland Securities cut their price target on MaxLinear from $50.00 to $45.00 in a research note on Thursday, July 28th.

MaxLinear Trading Down 4.8 %

MXL opened at $33.24 on Friday. The business has a 50 day simple moving average of $38.13 and a two-hundred day simple moving average of $42.15. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 0.52 and a beta of 1.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 1.24. MaxLinear has a one year low of $30.17 and a one year high of $77.89.

Institutional Trading of MaxLinear

Several institutional investors have recently added to or reduced their stakes in MXL. Cornerstone Advisory LLC purchased a new position in shares of MaxLinear in the 4th quarter worth $44,000. FinTrust Capital Advisors LLC purchased a new position in shares of MaxLinear in the 2nd quarter worth $27,000. Archer Investment Corp purchased a new position in shares of MaxLinear in the 1st quarter worth $50,000. Meeder Asset Management Inc. purchased a new position in shares of MaxLinear in the 1st quarter worth $61,000. Finally, Okabena Investment Services Inc. purchased a new position in shares of MaxLinear in the 4th quarter worth $163,000. 90.26% of the stock is currently owned by hedge funds and other institutional investors.

MaxLinear Company Profile

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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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