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