Somewhat Positive News Coverage Somewhat Unlikely to Affect MaxLinear (MXL) Share Price

News coverage about MaxLinear (NYSE:MXL) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MaxLinear earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 46.4326174705626 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several analysts have recently weighed in on MXL shares. Zacks Investment Research lowered MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Stifel Nicolaus cut their price objective on MaxLinear from $34.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Roth Capital cut their price objective on MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a report on Wednesday, August 9th. Deutsche Bank cut their price objective on MaxLinear from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Finally, TheStreet lowered MaxLinear from a “b” rating to a “c+” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company. MaxLinear has a consensus rating of “Buy” and an average target price of $30.36.

Shares of MaxLinear (NYSE MXL) opened at $25.31 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 2.23 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1,731.53, a price-to-earnings ratio of 22.29, a PEG ratio of 1.24 and a beta of 0.47. MaxLinear has a twelve month low of $19.87 and a twelve month high of $32.47.

MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.06. The business had revenue of $113.58 million during the quarter, compared to analyst estimates of $115.77 million. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. The company’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. analysts forecast that MaxLinear will post 1.05 EPS for the current year.

In related news, insider Daniel Omeniuk bought 250,000 shares of MaxLinear stock in a transaction dated Monday, September 25th. The stock was acquired at an average cost of $0.19 per share, with a total value of $47,500.00. Corporate insiders own 11.92% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for MaxLinear (NYSE:MXL)

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