MaxLinear (NYSE:MXL) Cut to Sell at StockNews.com

MaxLinear (NYSE:MXL) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other equities research analysts also recently commented on MXL. Northland Securities upgraded shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research 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. Wells Fargo & Company cut shares of MaxLinear from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $35.00 to $25.00 in a report on Wednesday, January 3rd. 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.09.

MaxLinear Stock Performance

Shares of MXL traded down $0.25 during mid-day trading on Thursday, hitting $20.68. 2,122,366 shares of the company’s stock were exchanged, compared to its average volume of 783,763. MaxLinear has a fifty-two week low of $13.43 and a fifty-two week high of $35.09. The firm has a market capitalization of $1.69 billion, a P/E ratio of -23.24 and a beta of 1.98. The business’s 50 day moving average is $19.89 and its two-hundred day moving average is $19.95. The company has a current ratio of 2.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18.

MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.02. The firm had revenue of $95.27 million during the quarter, compared to the consensus estimate of $94.99 million. MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. On average, equities analysts expect that MaxLinear will post -0.8 earnings per share for the current year.

Institutional Trading of MaxLinear

Hedge funds have recently bought and sold shares of the company. CWM LLC boosted its position in MaxLinear by 712.8% during the third quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 2,010 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in MaxLinear by 27.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 862 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in MaxLinear by 289.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 3,020 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in MaxLinear by 8.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 490 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in MaxLinear by 39.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,320 shares of the semiconductor company’s stock worth $185,000 after acquiring an additional 2,355 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

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.