MaxLinear (NYSE:MXL) Receives Buy Rating from Benchmark

Benchmark restated their buy rating on shares of MaxLinear (NYSE:MXL) in a research note released on Thursday, Benzinga reports. The firm currently has a $28.00 target price on the semiconductor company’s stock.

Several other equities analysts have also recently commented on MXL. Northland Securities upgraded MaxLinear from a market perform rating to an outperform rating and set a $30.00 target price for the company in a research note on Thursday, April 4th. StockNews.com upgraded MaxLinear from a sell rating to a hold rating in a research note on Thursday, February 29th. Wells Fargo & Company cut MaxLinear from an overweight rating to an equal weight rating and reduced their target price for the company from $35.00 to $25.00 in a research note on Wednesday, January 3rd. Finally, Needham & Company LLC reiterated a buy rating and set a $25.00 target price on shares of MaxLinear in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $26.09.

MaxLinear Stock Down 0.4 %

NYSE MXL opened at $20.59 on Thursday. The stock has a market cap of $1.69 billion, a PE ratio of -10.89 and a beta of 1.98. MaxLinear has a fifty-two week low of $13.43 and a fifty-two week high of $35.09. The business has a 50 day moving average price of $19.92 and a two-hundred day moving average price of $19.93. The company has a quick ratio of 1.75, a current ratio of 1.99 and a debt-to-equity ratio of 0.19.

MaxLinear (NYSE:MXL) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.02. The firm had revenue of $95.27 million during the quarter, compared to analysts’ expectations of $94.99 million. MaxLinear had a negative return on equity of 4.75% and a negative net margin of 28.70%. As a group, sell-side analysts predict that MaxLinear will post -0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On MaxLinear

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in MaxLinear by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock worth $275,406,000 after buying an additional 903,235 shares during the period. Invesco Ltd. increased its position in MaxLinear by 97.1% in the third quarter. Invesco Ltd. now owns 3,482,949 shares of the semiconductor company’s stock worth $77,496,000 after buying an additional 1,716,026 shares during the period. Dimensional Fund Advisors LP increased its position in MaxLinear by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,731 shares of the semiconductor company’s stock worth $45,469,000 after buying an additional 137,698 shares during the period. HighTower Advisors LLC increased its position in MaxLinear by 0.7% in the third quarter. HighTower Advisors LLC now owns 684,910 shares of the semiconductor company’s stock worth $15,240,000 after buying an additional 4,683 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in MaxLinear by 423.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock worth $14,622,000 after buying an additional 531,529 shares during the period. 90.79% of the stock is owned by institutional investors and hedge funds.

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.