MaxLinear (NASDAQ:MXL) Price Target Lowered to $23.00 at Susquehanna

MaxLinear (NASDAQ:MXL) had its price objective cut by Susquehanna from $25.00 to $23.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

Several other research analysts have also recently commented on MXL. Northland Securities upped their target price on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Craig Hallum lowered their price objective on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a report on Thursday. Wells Fargo & Company raised their target price on MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Benchmark boosted their price objective on shares of MaxLinear from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MaxLinear presently has a consensus rating of “Hold” and an average price target of $25.50.

MaxLinear Stock Performance

MXL opened at $17.47 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38. MaxLinear has a 1-year low of $11.08 and a 1-year high of $26.59. The company has a 50-day moving average of $19.80 and a 200-day moving average of $16.44.

MaxLinear (NASDAQ:MXL) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.15% and a negative net margin of 68.01%. As a group, analysts forecast that MaxLinear will post -0.21 EPS for the current year.

Insider Transactions at MaxLinear

In related news, VP William Torgerson sold 6,100 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $15.40, for a total transaction of $93,940.00. Following the completion of the transaction, the vice president now directly owns 179,262 shares in the company, valued at $2,760,634.80. This represents a 3.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Connie H. Kwong sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total value of $93,050.00. Following the transaction, the insider now owns 49,147 shares in the company, valued at $914,625.67. This represents a 9.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,900 shares of company stock worth $927,278. 8.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MaxLinear

Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. increased its holdings in shares of MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after buying an additional 443 shares in the last quarter. GAMMA Investing LLC grew its position in MaxLinear by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock worth $82,000 after acquiring an additional 662 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in MaxLinear by 20.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,761 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 1,308 shares in the last quarter. R Squared Ltd bought a new position in MaxLinear in the 4th quarter valued at $45,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MaxLinear by 12.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,046 shares of the semiconductor company’s stock worth $334,000 after purchasing an additional 2,618 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors.

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.