Zacks Investment Research upgraded shares of MaxLinear, Inc (NYSE:MXL) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning. They currently have $30.00 target price on the semiconductor company’s stock.

According to Zacks, “MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Company’s integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinear’s current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California. “

MXL has been the subject of a number of other reports. BidaskClub cut shares of MaxLinear from a sell rating to a strong sell rating in a research note on Thursday, August 24th. Stifel Nicolaus reduced their price objective on shares of MaxLinear from $34.00 to $33.00 and set a buy rating for the company in a research note on Wednesday, August 9th. Roth Capital reduced their price objective on shares of MaxLinear from $38.00 to $33.50 and set a buy rating for the company in a research note on Wednesday, August 9th. Needham & Company LLC reduced their price objective on shares of MaxLinear from $34.00 to $32.00 and set a buy rating for the company in a research note on Monday, July 17th. Finally, Deutsche Bank AG reduced their price objective on shares of MaxLinear from $33.00 to $32.00 and set a buy rating for the company in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $30.36.

MaxLinear (NYSE:MXL) traded up $0.47 during midday trading on Tuesday, reaching $26.41. 484,207 shares of the company’s stock were exchanged, compared to its average volume of 784,397. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.23 and a quick ratio of 1.58. The firm has a market capitalization of $1,730.00, a PE ratio of 22.31, a PEG ratio of 1.24 and a beta of 0.47. MaxLinear has a 1 year low of $19.22 and a 1 year high of $32.47.

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

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In related news, insider Daniel Omeniuk bought 250,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was purchased at an average cost of $0.19 per share, for a total transaction of $47,500.00. 11.92% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in MXL. LS Investment Advisors LLC acquired a new position in MaxLinear during the 2nd quarter valued at $134,000. D.A. Davidson & CO. raised its stake in MaxLinear by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 45 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in MaxLinear by 9.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 460 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in MaxLinear during the 2nd quarter valued at $192,000. Finally, Cubist Systematic Strategies LLC acquired a new position in MaxLinear during the 3rd quarter valued at $205,000. Hedge funds and other institutional investors own 84.71% 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.

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Analyst Recommendations for MaxLinear (NYSE:MXL)

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