BidaskClub Lowers MaxLinear, Inc (NYSE:MXL) to Sell

MaxLinear, Inc (NYSE:MXL) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, August 5th.

A number of other analysts also recently commented on MXL. Zacks Investment Research raised MaxLinear from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, April 12th. Stifel Nicolaus increased their price target on MaxLinear from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Needham & Company LLC increased their price target on MaxLinear from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Finally, Deutsche Bank AG decreased their price target on MaxLinear from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. MaxLinear presently has an average rating of “Buy” and a consensus price target of $31.36.

MaxLinear (NYSE MXL) traded up 2.01% on Friday, hitting $21.29. The company had a trading volume of 992,557 shares. The stock has a 50 day moving average of $25.67 and a 200-day moving average of $27.46. The stock has a market capitalization of $1.42 billion, a PE ratio of 38.50 and a beta of 0.61. MaxLinear has a one year low of $17.61 and a one year high of $32.47.

MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04. The company had revenue of $104.18 million during the quarter, compared to the consensus estimate of $107.77 million. MaxLinear had a return on equity of 22.29% and a net margin of 9.95%. MaxLinear’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $0.50 earnings per share. Equities analysts anticipate that MaxLinear will post $1.39 EPS for the current year.

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In other MaxLinear news, VP Madhukar Reddy sold 52,979 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $31.32, for a total value of $1,659,302.28. Following the completion of the sale, the vice president now directly owns 226,671 shares of the company’s stock, valued at $7,099,335.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Craddock sold 20,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $30.86, for a total value of $617,200.00. Following the completion of the sale, the director now directly owns 73,752 shares of the company’s stock, valued at $2,275,986.72. The disclosure for this sale can be found here. Insiders sold 176,495 shares of company stock valued at $5,547,833 over the last three months. Company insiders own 11.92% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of MaxLinear by 74,544.4% in the first quarter. BlackRock Inc. now owns 3,342,576 shares of the semiconductor company’s stock valued at $93,758,000 after buying an additional 3,338,098 shares during the period. William Blair Investment Management LLC boosted its position in shares of MaxLinear by 750.3% in the first quarter. William Blair Investment Management LLC now owns 3,752,779 shares of the semiconductor company’s stock valued at $105,265,000 after buying an additional 3,311,413 shares during the period. Vanguard Group Inc. boosted its position in shares of MaxLinear by 23.5% in the second quarter. Vanguard Group Inc. now owns 5,095,203 shares of the semiconductor company’s stock valued at $142,105,000 after buying an additional 970,197 shares during the period. Ranger Investment Management L.P. bought a new position in shares of MaxLinear during the first quarter valued at $22,169,000. Finally, Columbus Circle Investors bought a new position in shares of MaxLinear during the first quarter valued at $15,816,000. Institutional investors own 86.26% of the company’s stock.

About MaxLinear

MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.

Analyst Recommendations for MaxLinear (NYSE:MXL)

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