Brokerages Set MaxLinear, Inc (NASDAQ:MXL) Target Price at $19.94

MaxLinear, Inc (NASDAQ:MXL) has been given a consensus rating of “Hold” by the ten analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $19.9375.

A number of analysts have weighed in on the company. Zacks Research lowered MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of MaxLinear in a research note on Friday, October 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MaxLinear in a research note on Wednesday, October 8th. Stifel Nicolaus set a $23.00 target price on shares of MaxLinear in a report on Friday, October 24th. Finally, Williams Trading set a $25.00 price target on shares of MaxLinear in a report on Friday, October 24th.

Insider Buying and Selling at MaxLinear

In related news, Director Daniel A. Artusi sold 20,747 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $15.39, for a total transaction of $319,296.33. Following the transaction, the director directly owned 12,141 shares in the company, valued at $186,849.99. The trade was a 63.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.80% of the stock is owned by insiders.

Institutional Investors Weigh In On MaxLinear

Several institutional investors have recently added to or reduced their stakes in MXL. PharVision Advisers LLC acquired a new position in shares of MaxLinear during the third quarter valued at about $213,000. Alyeska Investment Group L.P. grew its position in MaxLinear by 279.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 769,349 shares of the semiconductor company’s stock worth $12,371,000 after purchasing an additional 566,800 shares during the last quarter. Quarry LP grew its position in MaxLinear by 1,293.0% during the 3rd quarter. Quarry LP now owns 2,187 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,030 shares during the last quarter. Mariner LLC increased its stake in MaxLinear by 9.9% during the 3rd quarter. Mariner LLC now owns 40,017 shares of the semiconductor company’s stock valued at $643,000 after purchasing an additional 3,609 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of MaxLinear in the third quarter worth $172,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Stock Up 0.9%

NASDAQ:MXL opened at $15.58 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.55 and a quick ratio of 1.08. MaxLinear has a 1-year low of $8.35 and a 1-year high of $25.73. The company has a 50-day moving average of $15.58 and a 200 day moving average of $14.85. The firm has a market cap of $1.36 billion, a PE ratio of -7.45 and a beta of 1.83.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Thursday, October 23rd. The semiconductor company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. MaxLinear had a negative net margin of 42.43% and a negative return on equity of 12.74%. The business had revenue of $126.46 million during the quarter, compared to analyst estimates of $124.66 million. During the same quarter in the previous year, the business posted ($0.36) EPS. The company’s quarterly revenue was up 56.0% compared to the same quarter last year. MaxLinear has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that MaxLinear will post -0.37 EPS for the current fiscal year.

MaxLinear declared that its Board of Directors has initiated a share repurchase program on Monday, November 24th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

MaxLinear Company Profile

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.