MaxLinear (NYSE:MXL) Rating Reiterated by Benchmark

MaxLinear (NYSE:MXL)‘s stock had its “buy” rating reaffirmed by investment analysts at Benchmark in a report released on Thursday, Benzinga reports. They currently have a $28.00 price objective on the semiconductor company’s stock. Benchmark’s price target would suggest a potential upside of 35.99% from the stock’s current price.

Several other research analysts also recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of MaxLinear in a research note on Thursday. StockNews.com upgraded MaxLinear from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Northland Securities upgraded MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Thursday, April 4th. Finally, Wells Fargo & Company downgraded MaxLinear from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $35.00 to $25.00 in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.09.

MaxLinear Trading Down 0.4 %

Shares of MXL opened at $20.59 on Thursday. The business has a 50-day moving average of $19.90 and a 200 day moving average of $19.95. MaxLinear has a fifty-two week low of $13.43 and a fifty-two week high of $35.09. The firm has a market cap of $1.69 billion, a P/E ratio of -10.79 and a beta of 1.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 2.20.

MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.02. MaxLinear had a negative return on equity of 4.63% and a negative net margin of 28.70%. The company had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.99 million. As a group, research analysts forecast that MaxLinear will post -0.8 EPS for the current year.

Institutional Trading of MaxLinear

A number of hedge funds have recently bought and sold shares of MXL. CWM LLC lifted its position in MaxLinear by 712.8% in the 3rd quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock worth $51,000 after buying an additional 2,010 shares during the last quarter. SG Americas Securities LLC lifted its position in MaxLinear by 659.9% in the 3rd quarter. SG Americas Securities LLC now owns 33,837 shares of the semiconductor company’s stock worth $753,000 after buying an additional 29,384 shares during the last quarter. Simplicity Solutions LLC lifted its position in MaxLinear by 523.2% in the 3rd quarter. Simplicity Solutions LLC now owns 42,735 shares of the semiconductor company’s stock worth $951,000 after buying an additional 35,878 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in MaxLinear in the 3rd quarter worth approximately $273,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in MaxLinear by 27.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock worth $90,000 after buying an additional 862 shares during the last quarter. Institutional investors own 90.79% of the company’s stock.

About MaxLinear

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.