TheStreet upgraded shares of MaxLinear (NYSE:MXL) from a d+ rating to a c- rating in a report issued on Thursday morning, TheStreetRatingsTable reports.
Several other analysts have also recently issued reports on the company. Loop Capital assumed coverage on MaxLinear in a research note on Thursday, July 23rd. They issued a hold rating and a $27.00 price objective on the stock. Deutsche Bank increased their price objective on MaxLinear from $24.00 to $30.00 and gave the company a hold rating in a research note on Friday, July 24th. Stifel Nicolaus increased their price objective on MaxLinear from $29.00 to $32.00 and gave the company a buy rating in a research note on Friday, July 24th. Roth Capital upgraded MaxLinear from a neutral rating to a buy rating and set a $30.00 price objective on the stock in a research note on Friday, July 24th. Finally, Craig Hallum increased their price objective on MaxLinear from $22.00 to $35.00 and gave the company a buy rating in a research note on Wednesday, July 8th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $29.40.
MXL opened at $25.35 on Thursday. MaxLinear has a 52 week low of $7.79 and a 52 week high of $28.10. The business has a fifty day simple moving average of $22.94 and a 200-day simple moving average of $18.02. The firm has a market cap of $1.85 billion, a P/E ratio of -36.74, a P/E/G ratio of 32.17 and a beta of 1.87. The company has a quick ratio of 2.23, a current ratio of 2.72 and a debt-to-equity ratio of 0.53.
MaxLinear (NYSE:MXL) last released its quarterly earnings results on Thursday, July 23rd. The semiconductor company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. MaxLinear had a positive return on equity of 3.13% and a negative net margin of 18.07%. The business had revenue of $65.22 million during the quarter, compared to analyst estimates of $65.29 million. Sell-side analysts expect that MaxLinear will post 0.04 earnings per share for the current year.
In other news, CEO Kishore Seendripu sold 30,000 shares of MaxLinear stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $24.83, for a total transaction of $744,900.00. Following the sale, the chief executive officer now owns 100,651 shares in the company, valued at $2,499,164.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Madhukar Reddy sold 25,352 shares of MaxLinear stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $16.17, for a total value of $409,941.84. Following the sale, the vice president now owns 365,950 shares in the company, valued at approximately $5,917,411.50. The disclosure for this sale can be found here. Insiders have sold 173,431 shares of company stock worth $3,301,835 in the last quarter. Insiders own 9.97% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of MXL. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MaxLinear by 31.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,262 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 1,270 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of MaxLinear during the first quarter worth about $77,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of MaxLinear by 17,400.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,425 shares of the semiconductor company’s stock worth $115,000 after buying an additional 5,394 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of MaxLinear by 155.8% during the first quarter. Public Employees Retirement Association of Colorado now owns 10,349 shares of the semiconductor company’s stock worth $121,000 after buying an additional 6,303 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of MaxLinear during the fourth quarter worth about $135,000. Institutional investors and hedge funds own 82.66% of the company’s stock.
MaxLinear Company Profile
MaxLinear, Inc provides radio-frequency (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. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.
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