Zacks Investment Research upgraded shares of MaxLinear (NYSE:MXL) from a sell rating to a hold rating in a research note published on Wednesday, Zacks.com reports.

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. “

Several other research firms have also commented on MXL. Needham & Company LLC lowered shares of MaxLinear from a buy rating to a hold rating in a report on Thursday, May 2nd. They noted that the move was a valuation call. ValuEngine upgraded shares of MaxLinear from a hold rating to a buy rating in a report on Thursday, February 28th. Finally, Wells Fargo & Co began coverage on shares of MaxLinear in a report on Tuesday, May 14th. They issued a market perform rating for the company. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $20.20.

NYSE:MXL opened at $21.36 on Wednesday. MaxLinear has a one year low of $14.87 and a one year high of $28.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.44 and a quick ratio of 1.86. The stock has a market capitalization of $1.51 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.70 and a beta of 1.16.

MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. MaxLinear had a negative net margin of 9.17% and a positive return on equity of 8.68%. The business had revenue of $84.64 million during the quarter, compared to analyst estimates of $84.44 million. During the same quarter in the previous year, the business posted $0.37 EPS. The company’s quarterly revenue was down 23.6% compared to the same quarter last year. Research analysts forecast that MaxLinear will post 0.66 earnings per share for the current year.

In related news, Director Donald E. Schrock sold 34,575 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $25.36, for a total transaction of $876,822.00. Following the completion of the transaction, the director now owns 76,278 shares in the company, valued at approximately $1,934,410.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael J. Lachance sold 36,470 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $21.65, for a total transaction of $789,575.50. The disclosure for this sale can be found here. Insiders own 9.97% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MXL. Bank of New York Mellon Corp raised its stake in shares of MaxLinear by 12.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 769,928 shares of the semiconductor company’s stock worth $15,306,000 after acquiring an additional 86,177 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of MaxLinear by 25.5% during the 3rd quarter. Teachers Advisors LLC now owns 149,036 shares of the semiconductor company’s stock worth $2,963,000 after acquiring an additional 30,282 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of MaxLinear by 7.7% during the 3rd quarter. Vanguard Group Inc. now owns 6,208,370 shares of the semiconductor company’s stock worth $123,423,000 after acquiring an additional 443,729 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of MaxLinear by 2.8% during the 4th quarter. State of Alaska Department of Revenue now owns 20,971 shares of the semiconductor company’s stock worth $369,000 after acquiring an additional 575 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of MaxLinear by 37.3% during the 4th quarter. Bank of Montreal Can now owns 3,728 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 1,013 shares in the last quarter. Hedge funds and other institutional investors own 90.38% 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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