MaxLinear, Inc. (NYSE:MXL) Receives Average Rating of “Hold” from Analysts

Shares of MaxLinear, Inc. (NYSE:MXLGet Free Report) have received an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $25.18.

Several research analysts have weighed in on MXL shares. StockNews.com lowered shares of MaxLinear from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Susquehanna decreased their price objective on shares of MaxLinear from $40.00 to $30.00 and set a “positive” rating for the company in a report on Tuesday, October 24th. Roth Capital lowered shares of MaxLinear from a “buy” rating to a “neutral” rating in a report on Thursday, October 26th. Deutsche Bank Aktiengesellschaft lowered shares of MaxLinear from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a report on Thursday, October 19th. Finally, Benchmark decreased their price objective on shares of MaxLinear from $35.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, October 26th.

Get Our Latest Analysis on MXL

MaxLinear Price Performance

MXL opened at $20.23 on Tuesday. The company has a fifty day simple moving average of $21.39 and a 200 day simple moving average of $20.98. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -22.73 and a beta of 2.06. MaxLinear has a twelve month low of $13.43 and a twelve month high of $38.26. The company has a current ratio of 2.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MXL. Captrust Financial Advisors increased its position in shares of MaxLinear by 2.8% in the second quarter. Captrust Financial Advisors now owns 12,636 shares of the semiconductor company’s stock worth $429,000 after acquiring an additional 340 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of MaxLinear by 13.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,798 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 436 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of MaxLinear by 8.0% during the second quarter. Ameritas Investment Partners Inc. now owns 6,163 shares of the semiconductor company’s stock worth $195,000 after purchasing an additional 459 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of MaxLinear by 8.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 490 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of MaxLinear by 5.2% during the first quarter. XTX Topco Ltd now owns 9,995 shares of the semiconductor company’s stock worth $352,000 after purchasing an additional 492 shares during the period. 87.65% of the stock is currently owned by institutional investors.

MaxLinear Company Profile

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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.

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Analyst Recommendations for MaxLinear (NYSE:MXL)

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