MaxLinear, Inc. (NYSE:MXL – Get Free Report)’s share price gapped down before the market opened on Thursday after Susquehanna lowered their price target on the stock from $30.00 to $26.00. The stock had previously closed at $22.29, but opened at $16.02. Susquehanna currently has a positive rating on the stock. MaxLinear shares last traded at $16.05, with a volume of 883,623 shares traded.
MXL has been the topic of a number of other reports. StockNews.com cut MaxLinear from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Benchmark dropped their price objective on shares of MaxLinear from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday. Craig Hallum raised shares of MaxLinear from a “hold” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $38.00 in a research report on Wednesday, July 17th. Stifel Nicolaus raised their price target on shares of MaxLinear from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Northland Securities upgraded MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Thursday, April 4th. One equities 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.20.
Read Our Latest Analysis on MaxLinear
Institutional Trading of MaxLinear
MaxLinear Trading Down 26.7 %
The firm has a 50-day simple moving average of $20.15 and a 200-day simple moving average of $20.13. The company has a quick ratio of 1.56, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.36 billion, a PE ratio of -8.72 and a beta of 1.84.
MaxLinear (NYSE:MXL – Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.02. MaxLinear had a negative return on equity of 4.75% and a negative net margin of 28.70%. The company had revenue of $95.27 million for the quarter, compared to analyst estimates of $94.99 million. Equities analysts forecast that MaxLinear, Inc. will post -1.25 earnings per share for the current year.
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.
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