MaxLinear, Inc (NYSE:MXL) was downgraded by equities research analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Thursday.

MXL has been the subject of several other research reports. Stifel Nicolaus raised their price target on shares of MaxLinear from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, July 4th. Zacks Investment Research lowered shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank AG lowered their price target on shares of MaxLinear from $33.00 to $32.00 and set a “buy” rating for the company in a report on Friday, July 21st. BidaskClub lowered shares of MaxLinear from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Roth Capital lowered their price target on shares of MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. MaxLinear has an average rating of “Buy” and a consensus price target of $31.36.

Shares of MaxLinear (NYSE MXL) opened at 21.70 on Thursday. The company has a market cap of $1.44 billion, a P/E ratio of 39.24 and a beta of 0.61. MaxLinear has a 52 week low of $17.82 and a 52 week high of $32.47. The firm has a 50-day moving average of $26.68 and a 200 day moving average of $27.59.

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

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In other news, insider Connie H. Kwong sold 1,218 shares of MaxLinear stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $31.49, for a total value of $38,354.82. Following the completion of the sale, the insider now owns 425 shares in the company, valued at approximately $13,383.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Madhukar Reddy sold 60,000 shares of MaxLinear stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $31.68, for a total transaction of $1,900,800.00. Following the completion of the sale, the vice president now owns 245,819 shares of the company’s stock, valued at approximately $7,787,545.92. The disclosure for this sale can be found here. Insiders sold a total of 276,004 shares of company stock valued at $8,638,836 in the last quarter. 11.92% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its stake in MaxLinear by 0.9% in the second quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 45 shares in the last quarter. Alps Advisors Inc. raised its stake in MaxLinear by 0.3% in the second quarter. Alps Advisors Inc. now owns 18,262 shares of the semiconductor company’s stock valued at $509,000 after buying an additional 47 shares in the last quarter. ProVise Management Group LLC raised its stake in MaxLinear by 0.5% in the second quarter. ProVise Management Group LLC now owns 18,933 shares of the semiconductor company’s stock valued at $528,000 after buying an additional 96 shares in the last quarter. Campbell Newman Asset Management Inc. raised its stake in MaxLinear by 4.8% in the second quarter. Campbell Newman Asset Management Inc. now owns 8,865 shares of the semiconductor company’s stock valued at $247,000 after buying an additional 406 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in MaxLinear by 1.2% in the second quarter. Victory Capital Management Inc. now owns 50,232 shares of the semiconductor company’s stock valued at $1,401,000 after buying an additional 577 shares in the last quarter. Institutional investors own 85.44% of the company’s stock.

MaxLinear Company Profile

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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