MaxLinear (MXL) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for MaxLinear (NYSE: MXL):

  • 7/28/2022 – MaxLinear had its price target lowered by analysts at Susquehanna Bancshares, Inc. from $60.00 to $55.00.
  • 7/28/2022 – MaxLinear had its price target lowered by analysts at Northland Securities from $50.00 to $45.00.
  • 7/28/2022 – MaxLinear had its price target lowered by analysts at Susquehanna from $60.00 to $55.00.
  • 7/28/2022 – MaxLinear had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $45.00 to $50.00.
  • 7/20/2022 – MaxLinear had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $55.00 to $45.00.
  • 7/11/2022 – MaxLinear had its price target lowered by analysts at Wells Fargo & Company from $66.00 to $50.00. They now have an “overweight” rating on the stock.

MaxLinear Trading Down 0.3 %

NYSE:MXL opened at $40.27 on Tuesday. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 0.61 and a beta of 2.00. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $36.66 and its two-hundred day moving average price is $47.82. MaxLinear, Inc. has a 1-year low of $30.17 and a 1-year high of $77.89.

MaxLinear (NYSE:MXLGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The semiconductor company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.09. The company had revenue of $280.01 million for the quarter, compared to analyst estimates of $279.76 million. MaxLinear had a return on equity of 46.90% and a net margin of 10.08%. MaxLinear’s revenue was up 36.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. On average, equities analysts expect that MaxLinear, Inc. will post 3.29 earnings per share for the current year.

Institutional Investors Weigh In On MaxLinear

Hedge funds have recently modified their holdings of the business. Resources Investment Advisors LLC. acquired a new stake in shares of MaxLinear during the fourth quarter worth about $204,000. Eagle Asset Management Inc. acquired a new stake in MaxLinear in the 4th quarter valued at approximately $21,036,000. Advisor Partners LLC acquired a new stake in MaxLinear in the 4th quarter valued at approximately $210,000. Everence Capital Management Inc. raised its position in MaxLinear by 18.1% in the 1st quarter. Everence Capital Management Inc. now owns 12,360 shares of the semiconductor company’s stock valued at $721,000 after buying an additional 1,890 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in MaxLinear in the 4th quarter valued at approximately $811,000. Institutional investors and hedge funds own 88.24% of the company’s stock.

MaxLinear, Inc provides radiofrequency (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. Its products integrate various portions of a high-speed communication system, including RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression, networking layers, and power management.

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