MaxLinear (NYSE:MXL) Earns “Buy” Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of MaxLinear (NYSE:MXL) in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a $28.00 target price on the semiconductor company’s stock.

Several other research analysts have also recently weighed in on the stock. Northland Securities raised shares of MaxLinear from a market perform rating to an outperform rating and set a $30.00 price target on the stock in a report on Thursday, April 4th. StockNews.com cut shares of MaxLinear from a hold rating to a sell rating in a report on Thursday, April 25th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $25.00 price target on shares of MaxLinear in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $25.70.

MaxLinear Trading Down 2.1 %

NYSE:MXL opened at $22.25 on Tuesday. The company has a market cap of $1.85 billion, a P/E ratio of -11.77 and a beta of 1.84. The stock’s fifty day moving average price is $19.34 and its two-hundred day moving average price is $20.11. MaxLinear has a 1 year low of $13.43 and a 1 year high of $35.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.56.

MaxLinear (NYSE:MXL) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.02. The firm had revenue of $95.27 million for the quarter, compared to the consensus estimate of $94.99 million. MaxLinear had a negative return on equity of 4.75% and a negative net margin of 28.70%. As a group, analysts expect that MaxLinear will post -1.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MXL. Headlands Technologies LLC bought a new position in MaxLinear in the first quarter valued at $27,000. EntryPoint Capital LLC bought a new position in shares of MaxLinear during the first quarter valued at about $59,000. Tower Research Capital LLC TRC grew its stake in shares of MaxLinear by 289.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company’s stock valued at $97,000 after buying an additional 3,020 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of MaxLinear by 8.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 490 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of MaxLinear during the fourth quarter valued at about $205,000. Institutional investors 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.