2 weeks Ago By ABMN Staff
MaxLinear, Inc. ( NYSE:MXL – Get Free Report ) has received an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.
The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $24.67. MXL has been the subject of several analyst reports.
Stifel Nicolaus increased their price target on shares of MaxLinear from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 18th.
Susquehanna decreased their target price on shares of MaxLinear from $30.00 to $26.00 and set a “positive” rating for the company in a research report on Thursday, July 25th.
Benchmark lowered their target price on shares of MaxLinear from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, July 25th.
Needham & Company LLC downgraded MaxLinear from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Craig Hallum decreased their price objective on MaxLinear from $38.00 to $28.
00 and set a “hold” rating for the company in a report on Thursday, July 25th. Check Out Our Latest Research Report on MaxLinear Insiders Place Their Bets Institutional Investors Weigh In On MaxLinear Several hedge funds have recently added to or reduced their stakes in the business. Cavalry Management Group LLC acquired a new position in MaxLinear in the second quarter valued at approximately $413,000.
Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in MaxLinear by 44.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 166,200 shares of the semiconductor company’s stock worth $3,347,000 after buying an additional 51,200 shares in the last quarter.
Point72 Asset Management L.P. increased its holdings in MaxLinear by 405.
1% in the second quarter. Point72 Asset Management L.P.
now owns 174,764 shares of the semiconductor company’s stock valued at $3,520,000 after buying an additional 140,164 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of MaxLinear by 8.1% during the 2nd quarter.
The Manufacturers Life Insurance Company now owns 40,651 shares of the semiconductor company’s stock worth $819,000 after acquiring an additional 3,052 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of MaxLinear by 307.9% during the 2nd quarter.
Millennium Management LLC now owns 1,044,648 shares of the semiconductor company’s stock valued at $21,039,000 after acquiring an additional 788,558 shares during the period. 90.79% of the stock is owned by hedge funds and other institutional investors.
MaxLinear Price Performance NYSE MXL opened at $15.20 on Wednesday. The company has a market cap of $1.
26 billion, a PE ratio of -8.04 and a beta of 1.84.
The firm’s 50 day moving average price is $13.91 and its 200-day moving average price is $17.85.
The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 2.
09. MaxLinear has a 52-week low of $11.08 and a 52-week high of $26.
59. MaxLinear ( NYSE:MXL – Get Free Report ) last announced its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.
25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.06).
The company had revenue of $92.00 million for the quarter, compared to the consensus estimate of $100.25 million.
MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.39%.
The firm’s revenue was down 50.0% compared to the same quarter last year. During the same period last year, the business posted $0.
19 EPS. Sell-side analysts forecast that MaxLinear will post -1.6 EPS for the current fiscal year.
MaxLinear Company Profile ( Get Free Report 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. Read More Receive News & Ratings for MaxLinear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MaxLinear and related companies with MarketBeat.
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