MaxLinear (NYSE:MXL) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of MaxLinear (NYSE:MXLFree Report) from a hold rating to a sell rating in a research report released on Friday.

A number of other research firms have also recently commented on MXL. Susquehanna decreased their price target on MaxLinear from $40.00 to $30.00 and set a positive rating for the company in a research note on Tuesday, October 24th. Needham & Company LLC decreased their price target on MaxLinear from $28.00 to $25.00 and set a buy rating for the company in a research note on Thursday, February 1st. Roth Mkm cut MaxLinear from a buy rating to a neutral rating and decreased their price target for the company from $35.00 to $18.00 in a research note on Thursday, October 26th. Deutsche Bank Aktiengesellschaft cut MaxLinear from a buy rating to a hold rating and set a $23.00 price objective for the company. in a research note on Thursday, October 19th. Finally, TheStreet cut MaxLinear from a c rating to a d+ rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MaxLinear currently has an average rating of Hold and an average price target of $25.18.

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MaxLinear Trading Up 0.2 %

Shares of NYSE MXL opened at $17.81 on Friday. The business has a fifty day moving average price of $21.42 and a 200 day moving average price of $21.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.20 and a quick ratio of 1.75. MaxLinear has a 1-year low of $13.43 and a 1-year high of $40.68. The stock has a market capitalization of $1.45 billion, a P/E ratio of -20.01 and a beta of 2.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MXL. Raymond James & Associates grew its stake in MaxLinear by 41.2% during the 1st quarter. Raymond James & Associates now owns 17,748 shares of the semiconductor company’s stock worth $1,036,000 after purchasing an additional 5,183 shares in the last quarter. American Century Companies Inc. acquired a new position in MaxLinear during the 1st quarter worth $864,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of MaxLinear by 22.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,298 shares of the semiconductor company’s stock worth $309,000 after acquiring an additional 955 shares in the last quarter. Citigroup Inc. boosted its position in shares of MaxLinear by 4.0% during the 1st quarter. Citigroup Inc. now owns 76,387 shares of the semiconductor company’s stock worth $4,457,000 after acquiring an additional 2,937 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of MaxLinear by 26.8% during the 1st quarter. Bank of Montreal Can now owns 23,413 shares of the semiconductor company’s stock worth $1,455,000 after acquiring an additional 4,947 shares in the last quarter. 87.65% of the stock is owned by institutional investors and hedge funds.

About MaxLinear

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MaxLinear, Inc engages in the provision of communications systems-on-chip, or SoC, solutions used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. Its products include cable broadband modems and gateways, wireline connectivity devices, radio frequency transceivers, fiber-optic modules, video set-top boxes and gateways, hybrid analog and digital televisions, direct broadcast satellite outdoor and indoor units, and power management and interface products.

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Analyst Recommendations for MaxLinear (NYSE:MXL)

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