Media headlines about MaxLinear (NYSE:MXL) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MaxLinear earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.2105593435468 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- The Bottom Line on Invesco Mortgage Capital Inc. (IVR), MaxLinear, Inc. (MXL) – AllStockNews (allstocknews.com)
- Reversal Time? MaxLinear Inc (MXL) Schaff Indicator Nearing Key Levels – Evergreen Caller (evergreencaller.com)
- Maxlinear Inc (MXL): What are the Current Levels Showing? – Wall Street Review (thewallstreetreview.com)
- MaxLinear cable receiver IC adopted by Skyworth for China STB (digitaltvnews.net)
A number of brokerages have commented on MXL. TheStreet cut MaxLinear from a “b” rating to a “c+” rating in a research note on Thursday, August 10th. Stifel Nicolaus reduced their price objective on MaxLinear from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Roth Capital reduced their price objective on MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Deutsche Bank AG reduced their price objective on MaxLinear from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised MaxLinear from a “sell” rating to a “hold” rating and set a $37.00 price objective for the company in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $31.36.
MaxLinear (NYSE:MXL) traded up 2.07% on Monday, hitting $22.18. The stock had a trading volume of 265,535 shares. The company has a market cap of $1.48 billion, a P/E ratio of 40.11 and a beta of 0.61. MaxLinear has a 1-year low of $17.82 and a 1-year high of $32.47. The stock has a 50 day moving average price of $23.04 and a 200 day moving average price of $26.97.
MaxLinear (NYSE:MXL) last released its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $104.18 million for the quarter, compared to analysts’ expectations of $107.77 million. MaxLinear had a return on equity of 22.29% and a net margin of 9.95%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. On average, equities research analysts expect that MaxLinear will post $1.39 EPS for the current fiscal year.
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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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