Needham & Company LLC reissued their buy rating on shares of MaxLinear, Inc (NYSE:MXL) in a research note published on Wednesday. Needham & Company LLC currently has a $32.00 target price on the stock.
Other research analysts have also recently issued reports about the stock. Stifel Nicolaus dropped their target price on shares of MaxLinear from $34.00 to $33.00 and set a buy rating for the company in a report on Wednesday, August 9th. Deutsche Bank AG dropped their target price on shares of MaxLinear from $32.00 to $30.00 and set a buy rating for the company in a report on Wednesday, August 9th. Roth Capital dropped their target price on shares of MaxLinear from $38.00 to $33.50 and set a buy rating for the company in a report on Wednesday, August 9th. Zacks Investment Research raised shares of MaxLinear from a sell rating to a hold rating in a report on Wednesday. Finally, BidaskClub cut shares of MaxLinear from a hold rating to a sell rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of C$30.42.
Shares of MaxLinear (MXL) opened at C$25.96 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.23 and a quick ratio of 1.64. The company has a market cap of $1,727.43, a PE ratio of 22.38, a P/E/G ratio of 1.32 and a beta of 0.47. MaxLinear has a 12-month low of C$19.22 and a 12-month high of C$32.47.
MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Tuesday, November 7th. The company reported C$0.39 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.33 by C$0.06. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%. The firm had revenue of C$113.58 million during the quarter, compared to the consensus estimate of C$115.77 million. During the same quarter last year, the firm earned $0.43 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. equities analysts forecast that MaxLinear will post 1.05 EPS for the current year.
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In other news, insider Daniel Omeniuk sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of C$0.16, for a total transaction of C$320,000.00. Company insiders own 11.92% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC purchased a new position in shares of MaxLinear during the 2nd quarter worth approximately $134,000. Ameritas Investment Partners Inc. increased its stake in shares of MaxLinear by 9.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the company’s stock worth $147,000 after purchasing an additional 460 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of MaxLinear by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 5,298 shares of the company’s stock worth $147,000 after purchasing an additional 45 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in shares of MaxLinear during the 2nd quarter worth approximately $192,000. Finally, GSA Capital Partners LLP purchased a new position in shares of MaxLinear during the 2nd quarter worth approximately $208,000. 84.98% of the stock is owned by institutional investors and hedge funds.
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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