Sentiment for Maxlinear Inc (NYSE:MXL)
Maxlinear Inc (NYSE:MXL) institutional sentiment increased to 1.52 in 2019 Q2. Its up 0.22, from 1.3 in 2019Q1. The ratio has increased, as 70 investment professionals increased or started new stock positions, while 46 sold and trimmed stakes in Maxlinear Inc. The investment professionals in our partner’s database now hold: 60.36 million shares, up from 60.25 million shares in 2019Q1. Also, the number of investment professionals holding Maxlinear Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 36 Increased: 52 New Position: 18.
MaxLinear, Inc. provides radio-frequency and mixed-signal circuits for broadband communications, data center, metro, and long-haul transport network applications worldwide. The company has market cap of $1.38 billion. The firm offers RF receivers and RF receiver systems-on-chips to receive and demodulate broadband signals, modem solutions, and physical medium devices that provide a constant current source, current-to-voltage regulation, and data alignment and retiming functionality in optical interconnect applications. It currently has negative earnings. The Company’s products are integrated into a range of electronic devices, including cable and terrestrial and satellite set-top boxes and gates, DOCSIS data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, and physical medium devices, as well as RF transceiver and modem devices for wireless access and backhaul applications.
The stock increased 1.37% or $0.26 during the last trading session, reaching $19.24. About 378,331 shares traded. MaxLinear, Inc. (NYSE:MXL) has risen 29.45% since December 4, 2018 and is uptrending. It has outperformed by 29.45% the S&P500.
Analysts await MaxLinear, Inc. (NYSE:MXL) to report earnings on February, 4. They expect $0.05 EPS, down 54.55 % or $0.06 from last year’s $0.11 per share. MXL’s profit will be $3.58M for 96.20 P/E if the $0.05 EPS becomes a reality. After $0.14 actual EPS reported by MaxLinear, Inc. for the previous quarter, Wall Street now forecasts -64.29 % negative EPS growth.
Kopp Investment Advisors Llc holds 3.88% of its portfolio in MaxLinear, Inc. for 145,212 shares. Avalon Global Asset Management Llc owns 174,300 shares or 1.93% of their US portfolio. Moreover, Elk Creek Partners Llc has 1.57% invested in the company for 898,845 shares. The Illinois-based Channing Capital Management Llc has invested 1.45% in the stock. High Pointe Capital Management Llc, a Illinois-based fund reported 14,770 shares.
Since January 1, 0001, it had 4 insider buys, and 0 selling transactions for $998,611 activity.
MaxLinear, Inc. (NYSE:MXL) Ratings Coverage
Ratings analysis reveals 33% of Maxlinear Inc’s analysts are positive. Out of 3 Wall Street analysts rating Maxlinear Inc, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $20 while the high is $26. The stock’s average target of $22.33 is 16.06% above today’s ($19.24) share price. MXL was included in 5 notes of analysts from October 25, 2019. As per Friday, October 25, the company rating was maintained by Roth Capital. The firm has “Hold” rating given on Friday, October 25 by Susquehanna. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, October 25.
More notable recent MaxLinear, Inc. (NYSE:MXL) news were published by: Businesswire.com which released: “MaxLinear, Inc. Updates Financial Guidance Based on U.S. Department of Commerce Action – Business Wire” on June 04, 2019, also Businesswire.com with their article: “MaxLinear’s MxL3710 MoCA 2.5 SoC Selected by CIG for its Next-Generation 10G PON Optical Network Terminals – Business Wire” published on June 03, 2019, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For November 19, 2019 – Benzinga” on November 19, 2019. More interesting news about MaxLinear, Inc. (NYSE:MXL) were released by: Businesswire.com and their article: “MaxLinear Announces New Telluride PAM4 DSPs Optimized for 100G Applications – Business Wire” published on September 18, 2019 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: China Redux, 13F Season And Blockchain Blockbuster – Seeking Alpha” with publication date: May 11, 2019.
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