MaxLinear, Inc. (NYSE:MXL) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the firm. Eight analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $28.83.
Several analysts have recently weighed in on MXL shares. Stifel Nicolaus lifted their price objective on shares of MaxLinear from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, January 9th. Needham & Company LLC lifted their price objective on shares of MaxLinear from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Finally, Zacks Investment Research upgraded shares of MaxLinear from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Wednesday, April 12th.
A number of institutional investors have recently bought and sold shares of the company. Cortina Asset Management LLC increased its position in MaxLinear by 104.6% in the fourth quarter. Cortina Asset Management LLC now owns 1,118,699 shares of the semiconductor company’s stock worth $24,388,000 after buying an additional 571,859 shares in the last quarter. Columbus Circle Investors bought a new position in shares of MaxLinear during the first quarter worth $15,816,000. Gotham Asset Management LLC increased its position in shares of MaxLinear by 91.6% in the third quarter. Gotham Asset Management LLC now owns 1,134,113 shares of the semiconductor company’s stock worth $22,988,000 after buying an additional 542,065 shares during the period. Soros Fund Management LLC bought a new position in shares of MaxLinear during the fourth quarter worth $10,442,000. Finally, State of Wisconsin Investment Board increased its position in shares of MaxLinear by 89.4% in the third quarter. State of Wisconsin Investment Board now owns 985,000 shares of the semiconductor company’s stock worth $19,966,000 after buying an additional 465,000 shares during the period. 78.21% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of MaxLinear (NYSE:MXL) traded down 0.72% during midday trading on Friday, hitting $27.52. 331,298 shares of the company’s stock traded hands. The company has a 50 day moving average price of $26.86 and a 200 day moving average price of $23.56. MaxLinear has a 1-year low of $15.31 and a 1-year high of $28.56. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 30.24 and a beta of 0.72.
MaxLinear (NYSE:MXL) last released its quarterly earnings results on Wednesday, February 8th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. MaxLinear had a net margin of 15.40% and a return on equity of 30.61%. The firm earned $87.14 million during the quarter, compared to analyst estimates of $85.90 million. During the same quarter last year, the business earned $0.46 EPS. The company’s revenue was down 11.9% compared to the same quarter last year. Equities analysts anticipate that MaxLinear will post $1.39 earnings per share for the current year.
MaxLinear Company Profile
MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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