Needham & Company LLC restated their buy rating on shares of MaxLinear, Inc (NYSE:MXL) in a research note issued to investors on Wednesday morning. They currently have a $32.00 price objective on the stock.

A number of other research firms have also recently commented on MXL. Deutsche Bank AG decreased their price objective on MaxLinear from $32.00 to $30.00 and set a buy rating on the stock in a report on Wednesday, August 9th. TheStreet cut MaxLinear from a b rating to a c+ rating in a report on Thursday, August 10th. Roth Capital decreased their price objective on MaxLinear from $38.00 to $33.50 and set a buy rating on the stock in a report on Wednesday, August 9th. Zacks Investment Research cut MaxLinear from a strong-buy rating to a hold rating in a report on Tuesday, August 8th. Finally, BidaskClub cut MaxLinear from a hold rating to a sell rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of C$30.42.

MaxLinear (NYSE MXL) opened at C$25.96 on Wednesday. The firm has a market capitalization of $1,727.43, a P/E ratio of 22.38, a PEG ratio of 1.32 and a beta of 0.47. MaxLinear has a twelve month low of C$19.22 and a twelve month high of C$32.47. The company has a current ratio of 2.23, a quick ratio of 1.64 and a debt-to-equity ratio of 0.93.

MaxLinear (NYSE:MXL) last issued its earnings results on Tuesday, November 7th. The company reported C$0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.33 by C$0.06. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. The business had revenue of C$113.58 million for the quarter, compared to analysts’ expectations of C$115.77 million. During the same period in the previous year, the firm posted $0.43 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. research analysts predict that MaxLinear will post 1.05 earnings per share for the current year.

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In other MaxLinear news, insider Daniel Omeniuk sold 760,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of C$0.15, for a total transaction of C$114,000.00. 11.92% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in MaxLinear by 45.7% during the second quarter. Bank of New York Mellon Corp now owns 1,339,398 shares of the company’s stock worth $37,355,000 after purchasing an additional 419,925 shares in the last quarter. Emerald Advisers Inc. PA lifted its stake in MaxLinear by 7.2% during the second quarter. Emerald Advisers Inc. PA now owns 464,640 shares of the company’s stock worth $12,959,000 after purchasing an additional 31,105 shares in the last quarter. BlackRock Inc. lifted its stake in MaxLinear by 94.6% during the second quarter. BlackRock Inc. now owns 6,503,231 shares of the company’s stock worth $181,375,000 after purchasing an additional 3,160,655 shares in the last quarter. Rhumbline Advisers lifted its stake in MaxLinear by 68.8% during the second quarter. Rhumbline Advisers now owns 109,300 shares of the company’s stock worth $3,048,000 after purchasing an additional 44,541 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in MaxLinear by 30.1% during the second quarter. UBS Asset Management Americas Inc. now owns 37,159 shares of the company’s stock worth $1,036,000 after purchasing an additional 8,601 shares in the last quarter. Institutional investors own 84.98% 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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