Shares of MaxLinear, Inc. (NYSE:MXL – Get Rating) have received an average recommendation of “Buy” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $63.33.
A number of analysts have commented on the stock. Susquehanna Bancshares reduced their price objective on shares of MaxLinear from $60.00 to $55.00 in a research note on Thursday, July 28th. Susquehanna reduced their price objective on shares of MaxLinear from $60.00 to $55.00 in a research note on Thursday, July 28th. Northland Securities reduced their price target on shares of MaxLinear from $50.00 to $45.00 in a research report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of MaxLinear from $45.00 to $50.00 in a research report on Thursday, July 28th. Finally, StockNews.com lowered shares of MaxLinear from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 12th.
MaxLinear Stock Performance
NYSE:MXL opened at $33.24 on Friday. MaxLinear has a twelve month low of $30.17 and a twelve month high of $77.89. 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 50-day moving average of $38.13 and a 200-day moving average of $42.15. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 0.52 and a beta of 1.99.
Institutional Investors Weigh In On MaxLinear
Several hedge funds and other institutional investors have recently modified their holdings of the stock. FinTrust Capital Advisors LLC bought a new position in shares of MaxLinear in the second quarter valued at about $27,000. Cornerstone Advisory LLC acquired a new position in shares of MaxLinear in the 4th quarter valued at approximately $44,000. Archer Investment Corp acquired a new position in shares of MaxLinear in the 1st quarter valued at approximately $50,000. Meeder Asset Management Inc. bought a new stake in MaxLinear in the 1st quarter valued at approximately $61,000. Finally, Quantbot Technologies LP bought a new stake in MaxLinear in the 2nd quarter valued at approximately $90,000. Institutional investors and hedge funds own 90.26% of the company’s stock.
MaxLinear Company Profile
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.
- Get a free copy of the StockNews.com research report on MaxLinear (MXL)
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