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

Shares of MaxLinear, Inc. (NASDAQ:MXL) have received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $25.50.

Several analysts have recently weighed in on MXL shares. 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 research 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 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. Susquehanna reduced their price objective 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. Finally, Benchmark restated a “buy” rating and set a $28.00 price objective on shares of MaxLinear in a research report on Thursday, January 30th.

MaxLinear Trading Up 1.0 %

NASDAQ MXL opened at $14.61 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. MaxLinear has a 52 week low of $11.08 and a 52 week high of $26.59. The stock has a market capitalization of $1.24 billion, a PE ratio of -4.99 and a beta of 1.77. The firm has a 50 day moving average of $19.33 and a two-hundred day moving average of $16.35.

MaxLinear (NASDAQ:MXL) last posted its quarterly 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%. As a group, research analysts expect that MaxLinear will post -0.37 EPS for the current fiscal year.

Insider Activity at MaxLinear

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

Hedge Funds Weigh In On MaxLinear

A number of large investors have recently bought and sold shares of the company. State Street Corp raised its position in 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 buying an additional 198,791 shares during the last quarter. Geode Capital Management LLC raised its position in MaxLinear by 0.4% during the 3rd 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 last quarter. The Manufacturers Life Insurance Company raised its position in MaxLinear by 3,698.1% during 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 purchased a new position in MaxLinear during the 4th quarter worth $25,659,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in MaxLinear by 10.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company’s stock worth $25,098,000 after buying an additional 115,867 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

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.