MaxLinear, Inc. (NASDAQ:MXL) Given Average Recommendation of “Moderate Buy” by Brokerages

MaxLinear, Inc. (NASDAQ:MXL) has received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $25.50.

Several research firms recently weighed in on MXL. Benchmark restated a “buy” rating and set a $28.00 target price on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities increased their target price on MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research note on Monday, January 6th. Susquehanna decreased their price target on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company lifted their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th.

MaxLinear Trading Up 9.1 %

MXL stock opened at $15.55 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -5.31 and a beta of 1.77. The business has a fifty day simple moving average of $19.42 and a 200-day simple moving average of $16.37. MaxLinear has a 52 week low of $11.08 and a 52 week high of $26.59.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. On average, equities research analysts expect that MaxLinear will post -0.37 EPS for the current year.

Insider Buying and Selling at MaxLinear

In related news, insider Connie H. Kwong sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total transaction of $93,050.00. Following the completion of the sale, the insider now directly owns 49,147 shares of the company’s stock, valued at approximately $914,625.67. This represents a 9.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven G. Litchfield sold 32,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.35, for a total transaction of $651,200.00. Following the completion of the sale, the insider now owns 365,868 shares in the company, valued at approximately $7,445,413.80. The trade was a 8.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On MaxLinear

Hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd bought a new stake in shares of MaxLinear in the 4th quarter worth about $34,000. Pacer Advisors Inc. raised its stake in shares of MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after buying an additional 443 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of MaxLinear during the 3rd quarter valued at $42,000. R Squared Ltd bought a new stake in MaxLinear in the fourth quarter valued at about $45,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of MaxLinear in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Company Profile

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.