MaxLinear, Inc. (NASDAQ:MXL) Receives $25.50 Consensus Price Target from Analysts

Shares of MaxLinear, Inc. (NASDAQ:MXL) have been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $25.50.

Several equities research analysts recently weighed in on the company. Susquehanna decreased their target price on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities upped their target price on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th. Benchmark reiterated a “buy” rating and set a $28.00 price target on shares of MaxLinear in a research note on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th.

Institutional Trading of MaxLinear

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its holdings in MaxLinear by 5.1% during the third quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company’s stock worth $59,707,000 after purchasing an additional 198,791 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of MaxLinear by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company’s stock worth $26,152,000 after buying an additional 6,420 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of MaxLinear by 3,698.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company’s stock worth $30,173,000 after buying an additional 1,485,256 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of MaxLinear in the 4th quarter valued at approximately $25,659,000. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of MaxLinear by 10.0% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company’s stock valued at $25,098,000 after buying an additional 115,867 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Price Performance

MaxLinear stock opened at $13.20 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. MaxLinear has a 52-week low of $11.08 and a 52-week high of $26.59. The firm has a market cap of $1.12 billion, a PE ratio of -4.51 and a beta of 1.76. The company’s 50 day moving average is $16.82 and its two-hundred day moving average is $16.40.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. On average, research analysts expect that MaxLinear will post -0.37 EPS for the current fiscal year.

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.