Brokerages Set MaxLinear, Inc. (NASDAQ:MXL) Price Target at $25.50

Shares of MaxLinear, Inc. (NASDAQ:MXL) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $25.50.

Several research firms have recently commented on MXL. Susquehanna reduced their price target on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Wells Fargo & Company boosted their target price on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Northland Securities increased their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th. Finally, Benchmark reissued a “buy” rating and set a $28.00 price objective on shares of MaxLinear in a report on Thursday, January 30th.

Insider Buying and Selling

In other MaxLinear news, insider Connie H. Kwong sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total transaction of $93,050.00. Following the sale, the insider now directly owns 49,147 shares of the company’s stock, valued at $914,625.67. This trade represents a 9.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven G. Litchfield sold 32,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.35, for a total transaction of $651,200.00. Following the completion of the transaction, the insider now directly owns 365,868 shares of the company’s stock, valued at approximately $7,445,413.80. This represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Institutional Trading of MaxLinear

Several hedge funds and other institutional investors have recently bought and sold shares of MXL. State Street Corp lifted its stake in shares of MaxLinear by 5.1% during the 3rd 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 during the period. Geode Capital Management LLC lifted its position in MaxLinear by 0.4% during the third 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 during the period. The Manufacturers Life Insurance Company boosted its stake in MaxLinear by 3,698.1% in 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 during the last quarter. Point72 Hong Kong Ltd acquired a new stake in MaxLinear in the 4th quarter worth about $25,659,000. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in MaxLinear by 10.0% in the 4th 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 during the period. 90.79% of the stock is owned by hedge funds and other institutional investors.

MaxLinear Price Performance

Shares of NASDAQ MXL opened at $15.55 on Friday. The stock has a fifty day moving average price of $19.42 and a 200 day moving average price of $16.37. MaxLinear has a 1-year low of $11.08 and a 1-year high of $26.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. The company has a market cap of $1.32 billion, a PE ratio of -5.31 and a beta of 1.77.

MaxLinear (NASDAQ:MXL) last released its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. Sell-side analysts forecast that MaxLinear will post -0.37 EPS for the current year.

About MaxLinear

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.