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.
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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.
MaxLinear (NYSE:MXL – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The semiconductor company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.09. MaxLinear had a net
margin of 10.08% and a return on equity of 46.90%. The company had revenue of $280.01 million for the quarter, compared to analysts' expectations of $279.76 million. During the same period in the prior year, the business earned $0.35 earnings per share. MaxLinear's revenue for the quarter was up 36.3% compared to the same quarter last year. On average, equities analysts forecast that MaxLinear will post 3.32 EPS for the current fiscal year.
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
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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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