MaxLinear, Inc. (NYSE:MXL) Given Average Recommendation of “Buy” by Analysts

Shares of MaxLinear, Inc. (NYSE:MXLGet Rating) have been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $63.50.

A number of analysts have issued reports on MXL shares. Wells Fargo & Company decreased their target price on MaxLinear from $66.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Susquehanna Bancshares decreased their target price on MaxLinear from $60.00 to $55.00 in a research report on Thursday, July 28th. Needham & Company LLC decreased their target price on MaxLinear from $80.00 to $65.00 in a research report on Thursday, April 28th. Susquehanna decreased their target price on MaxLinear from $60.00 to $55.00 in a research report on Thursday, July 28th. Finally, StockNews.com raised MaxLinear from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

MaxLinear Trading Up 4.1 %

MXL opened at $42.39 on Thursday. 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 company has a fifty day moving average price of $36.90 and a two-hundred day moving average price of $47.73. The company has a market cap of $3.28 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 0.61 and a beta of 1.99. MaxLinear has a 1-year low of $30.17 and a 1-year high of $77.89.

MaxLinear (NYSE:MXLGet Rating) last posted its earnings results on Wednesday, July 27th. The semiconductor company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.02 by $0.09. The company had revenue of $280.01 million during the quarter, compared to the consensus estimate of $279.76 million. MaxLinear had a net margin of 10.08% and a return on equity of 46.90%. The firm’s revenue for the quarter was up 36.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. Analysts predict that MaxLinear will post 3.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MXL. USA Financial Portformulas Corp purchased a new position in MaxLinear during the 4th quarter valued at about $39,000. Cornerstone Advisory LLC purchased a new position in MaxLinear during the 4th quarter valued at about $44,000. FinTrust Capital Advisors LLC bought a new stake in MaxLinear during the 2nd quarter valued at approximately $27,000. Archer Investment Corp bought a new stake in MaxLinear during the 1st quarter valued at approximately $50,000. Finally, Meeder Asset Management Inc. bought a new stake in MaxLinear during the 1st quarter valued at approximately $61,000. Hedge funds and other institutional investors own 88.24% of the company’s stock.

About MaxLinear

(Get Rating)

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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Analyst Recommendations for MaxLinear (NYSE:MXL)

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