Research analysts at Wells Fargo & Co began coverage on shares of MaxLinear (NYSE:MXL) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set a “market perform” rating on the semiconductor company’s stock.

MXL has been the topic of several other reports. ValuEngine upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Zacks Investment Research downgraded shares of MaxLinear from a “hold” rating to a “sell” rating in a research note on Saturday, February 9th. Finally, Needham & Company LLC restated a “buy” rating on shares of MaxLinear in a research note on Wednesday, February 6th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. MaxLinear presently has a consensus rating of “Hold” and an average target price of $20.20.

NYSE:MXL opened at $24.70 on Tuesday. MaxLinear has a one year low of $14.87 and a one year high of $28.70. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 1.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.86 and a current ratio of 2.44.

MaxLinear (NYSE:MXL) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.09 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. MaxLinear had a negative net margin of 9.17% and a positive return on equity of 8.68%. The firm had revenue of $84.64 million for the quarter, compared to the consensus estimate of $84.44 million. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s quarterly revenue was down 23.6% on a year-over-year basis. On average, analysts predict that MaxLinear will post 0.67 earnings per share for the current fiscal year.

In related news, Director Donald E. Schrock sold 34,575 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $25.36, for a total value of $876,822.00. Following the transaction, the director now directly owns 76,278 shares in the company, valued at $1,934,410.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.97% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund grew its stake in shares of MaxLinear by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,306 shares of the semiconductor company’s stock valued at $621,000 after acquiring an additional 439 shares in the last quarter. Legal & General Group Plc grew its stake in shares of MaxLinear by 0.3% in the fourth quarter. Legal & General Group Plc now owns 145,927 shares of the semiconductor company’s stock valued at $2,570,000 after acquiring an additional 455 shares in the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of MaxLinear by 3.8% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 14,943 shares of the semiconductor company’s stock valued at $263,000 after acquiring an additional 552 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of MaxLinear by 2.8% in the fourth quarter. State of Alaska Department of Revenue now owns 20,971 shares of the semiconductor company’s stock valued at $369,000 after acquiring an additional 575 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of MaxLinear by 24.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 584 shares in the last quarter. Institutional investors and hedge funds own 98.67% of the company’s stock.

MaxLinear Company Profile

MaxLinear, Inc provides radio-frequency (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. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

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Analyst Recommendations for MaxLinear (NYSE:MXL)

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