Brokerages Set MaxLinear, Inc. (NASDAQ:MXL) Target Price at $19.06

MaxLinear, Inc. (NASDAQ:MXL) has been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.06.

A number of equities research analysts have recently commented on the company. Wells Fargo & Company raised their target price on MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of MaxLinear in a research report on Thursday, April 24th. Stifel Nicolaus decreased their target price on MaxLinear from $26.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Loop Capital reduced their price objective on shares of MaxLinear from $18.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, April 29th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th.

MaxLinear Trading Up 1.1 %

MaxLinear stock opened at $11.34 on Thursday. MaxLinear has a 52 week low of $8.35 and a 52 week high of $26.59. The stock has a 50-day moving average price of $11.17 and a 200 day moving average price of $15.50. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $959.75 million, a price-to-earnings ratio of -3.87 and a beta of 1.66.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $95.93 million during the quarter, compared to analysts’ expectations of $95.32 million. MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.21) EPS. Sell-side analysts anticipate that MaxLinear will post -0.37 EPS for the current year.

Insider Transactions at MaxLinear

In related news, Director Ted L. Tewksbury III sold 6,071 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $10.40, for a total value of $63,138.40. Following the sale, the director now owns 74,995 shares in the company, valued at approximately $779,948. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On MaxLinear

Institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC boosted its stake in shares of MaxLinear by 31.6% in the first quarter. Headlands Technologies LLC now owns 25,063 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 6,022 shares during the period. Deutsche Bank AG lifted its holdings in MaxLinear by 5.8% during the 1st quarter. Deutsche Bank AG now owns 473,312 shares of the semiconductor company’s stock worth $5,140,000 after buying an additional 25,739 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in MaxLinear by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,066,306 shares of the semiconductor company’s stock valued at $11,580,000 after buying an additional 48,995 shares during the period. Blair William & Co. IL grew its stake in shares of MaxLinear by 4.1% in the first quarter. Blair William & Co. IL now owns 22,756 shares of the semiconductor company’s stock worth $247,000 after acquiring an additional 902 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of MaxLinear during the first quarter worth $897,000. 90.79% of the stock is owned by institutional investors and hedge funds.

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.