MaxLinear (NYSE:MXL) Lifted to Strong-Buy at StockNews.com

StockNews.com upgraded shares of MaxLinear (NYSE:MXLGet Rating) from a buy rating to a strong-buy rating in a research note released on Wednesday.

Other equities research analysts also recently issued research reports about the company. Susquehanna lowered their price objective on MaxLinear from $60.00 to $55.00 in a research report on Thursday, July 28th. Northland Securities lowered their price objective on MaxLinear from $50.00 to $45.00 in a research report on Thursday, July 28th. Wells Fargo & Company lowered their price objective on MaxLinear from $66.00 to $50.00 and set an overweight rating for the company in a research report on Monday, July 11th. Needham & Company LLC reduced their target price on MaxLinear from $80.00 to $65.00 in a report on Thursday, April 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on MaxLinear from $45.00 to $50.00 in a report on Thursday, July 28th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus price target of $63.50.

MaxLinear Stock Performance

MaxLinear stock opened at $42.30 on Wednesday. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 0.64 and a beta of 1.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.70. MaxLinear has a fifty-two week low of $30.17 and a fifty-two week high of $77.89. The stock has a fifty day moving average of $37.01 and a two-hundred day moving average of $47.43.

MaxLinear (NYSE:MXLGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The semiconductor company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.09. The business had revenue of $280.01 million during the quarter, compared to the consensus estimate of $279.76 million. MaxLinear had a return on equity of 46.90% and a net margin of 10.08%. The business’s revenue for the quarter was up 36.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, analysts anticipate that MaxLinear will post 3.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Exchange Traded Concepts LLC lifted its stake in shares of MaxLinear by 12.0% in the first quarter. Exchange Traded Concepts LLC now owns 2,529 shares of the semiconductor company’s stock worth $148,000 after acquiring an additional 270 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MaxLinear by 3.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,631 shares of the semiconductor company’s stock worth $562,000 after acquiring an additional 281 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of MaxLinear by 9.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,788 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 328 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of MaxLinear by 7.2% in the second quarter. Asset Management One Co. Ltd. now owns 6,065 shares of the semiconductor company’s stock worth $206,000 after acquiring an additional 405 shares in the last quarter. Finally, Brinker Capital Investments LLC increased its holdings in MaxLinear by 3.1% in the second quarter. Brinker Capital Investments LLC now owns 14,799 shares of the semiconductor company’s stock valued at $503,000 after buying an additional 445 shares during the last quarter. Institutional investors and hedge funds own 88.24% of the company’s stock.

MaxLinear Company Profile

(Get Rating)

MaxLinear, Inc provides radiofrequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. Its products integrate various portions of a high-speed communication system, including RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression, networking layers, and power management.

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Analyst Recommendations for MaxLinear (NYSE:MXL)

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