MaxLinear (NYSE:MXL) Stock Price Up 4.5%

Shares of MaxLinear, Inc. (NYSE:MXLGet Free Report) shot up 4.5% on Tuesday . The company traded as high as $19.89 and last traded at $19.89. 236,497 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 659,317 shares. The stock had previously closed at $19.03.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MXL. Needham & Company LLC dropped their price objective on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Wells Fargo & Company cut shares of MaxLinear from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $35.00 to $25.00 in a report on Wednesday, January 3rd. Finally, StockNews.com raised shares of MaxLinear from a “sell” rating to a “hold” rating in a report on Thursday, February 29th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.18.

Check Out Our Latest Analysis on MaxLinear

MaxLinear Stock Performance

The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 45.22 and a beta of 1.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 2.20. The company’s 50 day simple moving average is $19.30 and its 200 day simple moving average is $19.97.

MaxLinear (NYSE:MXLGet Free Report) last released its earnings results on Wednesday, January 31st. The semiconductor company reported ($0.17) EPS for the quarter, meeting the consensus estimate of ($0.17). The firm had revenue of $125.35 million for the quarter, compared to analysts’ expectations of $125.06 million. MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. On average, equities research analysts anticipate that MaxLinear, Inc. will post -0.8 earnings per share for the current year.

Hedge Funds Weigh In On MaxLinear

Hedge funds have recently made changes to their positions in the business. Asset Dedication LLC acquired a new position in shares of MaxLinear in the 2nd quarter worth approximately $32,000. Advisors Asset Management Inc. grew its stake in shares of MaxLinear by 171.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,220 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 771 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of MaxLinear in the 3rd quarter worth approximately $35,000. CWM LLC grew its stake in shares of MaxLinear by 712.8% in the 3rd quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 2,010 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of MaxLinear in the 2nd quarter worth approximately $90,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

About MaxLinear

(Get Free Report)

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.

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