MaxLinear (NYSE:MXL) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of MaxLinear (NYSE:MXL) from a hold rating to a sell rating in a research note released on Thursday morning.

Several other research firms have also weighed in on MXL. Wells Fargo & Company lowered shares of MaxLinear from an overweight rating to an equal weight rating and lowered their target price for the stock from $35.00 to $25.00 in a report on Wednesday, January 3rd. Northland Securities raised shares of MaxLinear from a market perform rating to an outperform rating and set a $30.00 target price on the stock in a report on Thursday, April 4th. Benchmark reaffirmed a buy rating and issued a $28.00 target price on shares of MaxLinear in a report on Thursday. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $25.00 target price on shares of MaxLinear in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $26.09.

MaxLinear Stock Performance

Shares of MaxLinear stock opened at $20.59 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.56. The company’s fifty day moving average price is $19.92 and its two-hundred day moving average price is $19.91. MaxLinear has a 52-week low of $13.43 and a 52-week high of $35.09.

MaxLinear (NYSE:MXL) last announced its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.02. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.75%. The firm had revenue of $95.27 million for the quarter, compared to analyst estimates of $94.99 million. Analysts anticipate that MaxLinear will post -0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CWM LLC lifted its position in MaxLinear by 712.8% during the 3rd quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 2,010 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in MaxLinear by 27.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 862 shares during the period. Tower Research Capital LLC TRC lifted its position in MaxLinear by 289.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 3,020 shares during the period. Nisa Investment Advisors LLC lifted its position in MaxLinear by 8.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock valued at $150,000 after purchasing an additional 490 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in MaxLinear by 39.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,320 shares of the semiconductor company’s stock valued at $185,000 after purchasing an additional 2,355 shares during the period. 90.79% of the stock is currently owned by institutional investors and hedge funds.

MaxLinear Company Profile

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.