Benchmark Reiterates “Buy” Rating for MaxLinear (NYSE:MXL)

MaxLinear (NYSE:MXL)‘s stock had its “buy” rating reiterated by Benchmark in a report issued on Tuesday, Benzinga reports. They currently have a $28.00 target price on the semiconductor company’s stock. Benchmark’s price target indicates a potential upside of 23.19% from the company’s previous close.

Several other brokerages have also recently commented on MXL. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of MaxLinear in a report on Thursday, April 25th. StockNews.com cut shares of MaxLinear from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Finally, Northland Securities raised shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, MaxLinear has an average rating of “Hold” and an average price target of $25.70.

MaxLinear Stock Performance

Shares of MXL opened at $22.73 on Tuesday. MaxLinear has a one year low of $13.43 and a one year high of $35.09. The company has a 50-day moving average of $19.29 and a two-hundred day moving average of $20.10. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -12.03 and a beta of 1.84. 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 announced its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.02. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.75%. The company had revenue of $95.27 million during the quarter, compared to analysts’ expectations of $94.99 million. On average, equities research analysts expect that MaxLinear will post -1.25 earnings per share for the current year.

Institutional Trading of MaxLinear

A number of institutional investors have recently added to or reduced their stakes in MXL. Headlands Technologies LLC acquired a new stake in MaxLinear in the first quarter valued at approximately $27,000. EntryPoint Capital LLC acquired a new stake in MaxLinear in the first quarter valued at approximately $59,000. Tower Research Capital LLC TRC lifted its stake in MaxLinear by 289.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company’s stock valued at $97,000 after acquiring an additional 3,020 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in MaxLinear by 8.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 490 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in MaxLinear in the fourth quarter valued at approximately $205,000. 90.79% of the stock is currently owned by institutional investors and hedge funds.

About MaxLinear

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.