MaxLinear, Inc. (NYSE:MXL) Receives Average Recommendation of “Buy” from Brokerages

Shares of MaxLinear, Inc. (NYSE:MXLGet 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.

MaxLinear (NYSE:MXLGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The semiconductor company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.09. MaxLinear had a net margin of 10.08% and a return on equity of 46.90%. The company had revenue of $280.01 million during the quarter, compared to analyst estimates of $279.76 million. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 36.3% on a year-over-year basis. Analysts forecast that MaxLinear will post 3.32 earnings per share for the current fiscal year.

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

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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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