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

MaxLinear, Inc. (NASDAQ:MXL) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com 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 analysts that have issued a report on the stock in the last year is $25.50.

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

Insider Buying and Selling

In related news, insider Steven G. Litchfield sold 32,000 shares of the stock in a transaction dated 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 sale, the insider now owns 365,868 shares in the company, valued at $7,445,413.80. This trade represents a 8.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Connie H. Kwong sold 5,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total transaction of $93,050.00. Following the sale, the insider now 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 disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. State Street Corp lifted its stake in MaxLinear by 5.1% in the third quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company’s stock valued at $59,707,000 after buying an additional 198,791 shares in the last quarter. Geode Capital Management LLC raised 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 acquiring an additional 6,420 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in MaxLinear by 3,698.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company’s stock worth $30,173,000 after acquiring an additional 1,485,256 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of MaxLinear in the fourth quarter valued at about $25,659,000. Finally, Vaughan Nelson Investment Management L.P. grew 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 acquiring an additional 115,867 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Down 5.1 %

Shares of MaxLinear stock opened at $15.75 on Friday. MaxLinear has a 12-month low of $11.08 and a 12-month high of $26.59. 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 stock has a market cap of $1.33 billion, a PE ratio of -5.38 and a beta of 1.77. The company has a 50-day moving average of $19.60 and a two-hundred day moving average of $16.35.

MaxLinear (NASDAQ:MXL) last issued 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 return on equity of 21.94% and a negative net margin of 68.01%. On average, research analysts anticipate that MaxLinear will post -0.37 EPS for the current fiscal 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.