After Reaching 52-Week Low, Is MaxLinear, Inc. (MXL)’s Near-Term Analysis Negative?

June 17, 2018 - By Vivian Currie

MaxLinear, Inc. (NYSE:MXL) Logo

Investors sentiment is 1.06 in Q1 2018. Its the same as in 2017Q4. It is the same, as 18 investors sold MaxLinear, Inc. shares while 52 reduced holdings. only 18 funds opened positions while 56 raised stakes. 57.04 million shares or 5.89% more from 53.87 million shares in 2017Q4 were reported.
Macquarie Group Inc stated it has 3.49 million shares or 0.14% of all its holdings. United Automobile Association reported 9,324 shares. Ifrah Fincl Serv reported 11,177 shares. 597,246 are held by Public Employees Retirement Association Of Colorado. Stifel invested in 323,641 shares or 0.02% of the stock. Morgan Stanley holds 168,054 shares or 0% of its portfolio. Ameriprise Incorporated invested 0% of its portfolio in MaxLinear, Inc. (NYSE:MXL). Riverhead Mgmt Ltd reported 5,900 shares stake. Advsrs Asset Mgmt invested 0% in MaxLinear, Inc. (NYSE:MXL). 11,716 are owned by Pinebridge Investments L P. Geode Mgmt Lc stated it has 520,314 shares. Blackrock owns 7.76M shares. Schwab Charles Invest Mgmt accumulated 306,033 shares. Elk Creek Prns Limited Liability Corporation stated it has 1.97M shares. Awm holds 260,000 shares or 1.14% of its portfolio.

Since January 9, 2018, it had 0 buys, and 5 selling transactions for $2.41 million activity. Another trade for 25,018 shares valued at $700,554 was sold by WALSH BRENDAN. 1,500 shares valued at $28,957 were sold by Kwong Connie H. on Thursday, May 17. LING CURTIS sold 22,321 shares worth $511,084.

The stock of MaxLinear, Inc. (NYSE:MXL) hit a new 52-week low and has $17.14 target or 3.00 % below today’s $17.67 share price. The 9 months bearish chart indicates high risk for the $1.20 billion company. The 1-year low was reported on Jun, 17 by Barchart.com. If the $17.14 price target is reached, the company will be worth $36.12 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.73% or $0.13 during the last trading session, reaching $17.67. About 1.49 million shares traded or 111.65% up from the average. MaxLinear, Inc. (NYSE:MXL) has declined 39.49% since June 17, 2017 and is downtrending. It has underperformed by 52.06% the S&P500.

Analysts await MaxLinear, Inc. (NYSE:MXL) to report earnings on August, 14. They expect $0.23 EPS, down 14.81 % or $0.04 from last year’s $0.27 per share. MXL’s profit will be $15.67M for 19.21 P/E if the $0.23 EPS becomes a reality. After $0.27 actual EPS reported by MaxLinear, Inc. for the previous quarter, Wall Street now forecasts -14.81 % negative EPS growth.

MaxLinear, Inc. (NYSE:MXL) Ratings Coverage

Among 5 analysts covering MaxLinear (NYSE:MXL), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. MaxLinear had 7 analyst reports since December 29, 2017 according to SRatingsIntel. The company was maintained on Friday, December 29 by Roth Capital. The rating was reinitiated by William Blair with “Outperform” on Monday, June 4. The stock of MaxLinear, Inc. (NYSE:MXL) earned “Buy” rating by Roth Capital on Tuesday, February 13. The firm earned “Hold” rating on Wednesday, May 9 by Deutsche Bank. On Wednesday, May 9 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Susquehanna with “Buy” on Wednesday, February 14. On Monday, June 11 the stock rating was downgraded by Roth Capital to “Neutral”.

More news for MaxLinear, Inc. (NYSE:MXL) were recently published by: Businesswire.com, which released: “TOT Launches New Gigabit Broadband Access Service Powered by MaxLinear’s G.hn Technology” on June 14, 2018. Businesswire.com‘s article titled: “MaxLinear and Hitron Partner On Multi-Gigabit MoCA 2.5 Broadband Access Client Devices” and published on June 13, 2018 is yet another important article.

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 $1.20 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.

MaxLinear, Inc. (NYSE:MXL) Institutional Positions Chart

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