MaxLinear, Inc. (NASDAQ:MXL) Receives $25.50 Average PT from Brokerages

MaxLinear, Inc. (NASDAQ:MXL) has been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $25.50.

MXL has been the subject of a number of recent research reports. Benchmark reiterated a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a research note on Thursday, January 30th. Northland Securities boosted their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research report on Monday, January 6th. Susquehanna reduced their price target on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research report 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.

MaxLinear Stock Down 2.1 %

MaxLinear stock opened at $12.70 on Wednesday. MaxLinear has a 1-year low of $11.08 and a 1-year high of $26.59. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -4.33 and a beta of 1.76. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $16.98 and a 200 day simple moving average of $16.41.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings data 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 net margin of 68.01% and a negative return on equity of 21.94%. On average, analysts predict that MaxLinear will post -0.37 earnings per share for the current year.

Institutional Trading of MaxLinear

A number of hedge funds have recently made changes to their positions in MXL. Victory Capital Management Inc. lifted its holdings in shares of MaxLinear by 103.3% during the 3rd quarter. Victory Capital Management Inc. now owns 156,269 shares of the semiconductor company’s stock worth $2,263,000 after acquiring an additional 79,392 shares during the last quarter. Natixis Advisors LLC bought a new stake in MaxLinear in the third quarter worth $3,294,000. LMR Partners LLP bought a new stake in MaxLinear in the third quarter worth $548,000. Intech Investment Management LLC bought a new stake in MaxLinear in the third quarter worth $328,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in MaxLinear by 18.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 915,415 shares of the semiconductor company’s stock worth $13,255,000 after purchasing an additional 145,695 shares during the last quarter. 90.79% of the stock is owned by institutional investors.

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.