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MaxLinear (NYSE:MXL) Shares Gap Down to $34.53

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MaxLinear, Inc. (NYSE:MXL – Get Rating) shares gapped down before the market opened on Monday . The stock had previously closed at $34.53, but opened at $33.01. MaxLinear shares last traded at $34.76, with a volume of 788 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Susquehanna cut their price target on shares of MaxLinear from $60.00 to $55.00 in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of MaxLinear from $45.00 to $50.00 in a research note on Thursday, July 28th. Northland Securities cut their target price on shares of MaxLinear from $50.00 to $45.00 in a research note on Thursday, July 28th. Susquehanna Bancshares cut their target price on shares of MaxLinear from $60.00 to $55.00 in a research note on Thursday, July 28th. Finally, StockNews.com cut shares of MaxLinear from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 12th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $63.33.

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MaxLinear Stock Down 1.5 %

The business's fifty day simple moving average is $38.13 and its 200 day simple moving average is $42.32. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 0.53 and a beta of 1.99.

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

Institutional Trading of MaxLinear

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of MaxLinear by 2.8% in the 1st quarter. BlackRock Inc. now owns 11,193,165 shares of the semiconductor company's stock valued at $653,123,000 after buying an additional 300,163 shares during the period. Vanguard Group Inc. grew its holdings in shares of MaxLinear by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 8,096,877 shares of the semiconductor company's stock valued at $472,452,000 after buying an additional 289,146 shares during the period. State Street Corp grew its holdings in shares of MaxLinear by 5.8% in the 2nd quarter. State Street Corp now owns 3,041,067 shares of the semiconductor company's stock valued at $103,335,000 after buying an additional 167,368 shares during the period. Millennium Management LLC grew its holdings in shares of MaxLinear by 1,469.9% in the 2nd quarter. Millennium Management LLC now owns 2,746,239 shares of the semiconductor company's stock valued at $93,317,000 after buying an additional 2,571,311 shares during the period. Finally, Macquarie Group Ltd. grew its holdings in shares of MaxLinear by 17.5% in the 2nd quarter. Macquarie Group Ltd. now owns 2,241,651 shares of the semiconductor company's stock valued at $76,171,000 after buying an additional 333,052 shares during the period. Institutional investors and hedge funds own 90.26% of the company's stock.

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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