Signal price

MaxLinear (NYSE:MXL) Price Target Reduced to $50.00

MaxLinear (NYSE:MXL – Get Note) had its price target lowered by Wells Fargo & Company equity research analysts from $66.00 to $50.00 in a report on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on shares of the semiconductor company. Wells Fargo & Company’s price target indicates a potential upside of 42.33% from the company’s previous close.

A number of other analysts have also published reports on MXL. Needham & Company LLC lowered its target price on MaxLinear from $80.00 to $65.00 in a Thursday, April 28 research report. Craig Hallum lowered his target price on MaxLinear from $90.00 to $75.00 in a Monday, April 11 research report. StockNews.com launched coverage on MaxLinear in a research report on Thursday, March 31. They set a “buy” rating on the stock. Susquehanna Bancshares cut its price target on MaxLinear from $70.00 to $58.00 in a Friday, April 29 research note. Finally, Susquehanna upgraded MaxLinear from a “neutral” rating to a “positive” rating and raised its price target for the stock from $50.00 to $60.00 in a Monday, May 9 research note. . Ten analysts have rated the stock with a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $68.00.

(A d)

Copper prices have almost doubled since last year, due to the explosive growth of electric vehicles and the growing demand for green electricity. But the demand for copper far outstrips the supply. Multinational investment banks are predicting a 50-100% rise in copper prices by 2025. And this “backdoor” game might be a move worth considering.

NYSE:MXL shares opened at $35.13 on Monday. MaxLinear has a one-year low of $30.17 and a one-year high of $77.89. The company’s fifty-day moving average price is $38.35 and its two-hundred-day moving average price is $51.60. The company has a debt ratio of 0.54, a quick ratio of 1.34 and a current ratio of 1.94. The stock has a market capitalization of $2.72 billion, a PE ratio of 39.03, a growth price-earnings ratio of 0.53 and a beta of 1.98.

MaxLinear (NYSE:MXL – Get Rating) last released its results on Wednesday, April 27. The semiconductor company reported earnings per share of $0.81 for the quarter, beating the consensus estimate of $0.73 by $0.08. MaxLinear had a return on equity of 40.53% and a net margin of 7.58%. The company posted revenue of $263.93 million for the quarter, versus analyst estimates of $260.08 million. As a group, equity research analysts expect MaxLinear to post 3.29 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of MXL. BlackRock Inc. increased its position in MaxLinear by 2.8% in Q1. BlackRock Inc. now owns 11,193,165 shares of the semiconductor company worth $653,123,000 after acquiring 300,163 additional shares in the last quarter. Vanguard Group Inc. increased its position in MaxLinear by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 8,096,877 shares of the semiconductor company worth $472,452,000 after acquiring 289,146 additional shares in the last quarter. State Street Corp increased its position in shares of MaxLinear by 4.3% during the first quarter. State Street Corp now owns 2,873,699 shares of the semiconductor company valued at $167,680,000 after buying an additional 118,726 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of MaxLinear by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,484,249 shares of the semiconductor company valued at $86,610,000 after buying 5,528 additional shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of MaxLinear by 55.8% during the first quarter. Invesco Ltd. now owns 1,365,980 shares of the semiconductor company valued at $79,705,000 after purchasing an additional 489,167 shares in the last quarter. Institutional investors and hedge funds hold 88.24% of the company’s shares.

MaxLinear Company Profile (Get a rating)

MaxLinear, Inc. provides radio frequency (RF), high-performance analog, and mixed-signal communication system-on-chip (SoC) solutions for connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. Its products integrate various parts of a high-speed communication system, including RF, high-performance analog, mixed signal, digital signal processing, security engines, data compression, network layers and power management.

See also

Analyst Recommendations for MaxLinear (NYSE: MXL)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in MaxLinear right now?

Before you consider MaxLinear, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and MaxLinear wasn’t on the list.

Although MaxLinear currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here