MaxLinear (NASDAQ:MXL) Sets New 1-Year Low – Here’s What Happened

MaxLinear, Inc. (NASDAQ:MXL) shares hit a new 52-week low during trading on Friday . The stock traded as low as $11.01 and last traded at $11.11, with a volume of 373332 shares trading hands. The stock had previously closed at $11.94.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $28.00 price target on shares of MaxLinear in a research note on Thursday, January 30th. Wells Fargo & Company boosted their target price on MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Susquehanna lowered their target price on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Northland Securities lifted their price target on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.50.

MaxLinear Price Performance

The firm has a 50 day moving average price of $16.26 and a 200 day moving average price of $16.35. The stock has a market capitalization of $927.17 million, a PE ratio of -3.74 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.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) 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%. Research analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Institutional Investors Weigh In On MaxLinear

A number of hedge funds have recently made changes to their positions in MXL. Aster Capital Management DIFC Ltd bought a new stake in MaxLinear in the 4th quarter worth approximately $34,000. Pacer Advisors Inc. increased its position in MaxLinear by 29.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 443 shares during the last quarter. Truvestments Capital LLC purchased a new stake in MaxLinear during the third quarter valued at $42,000. R Squared Ltd bought a new position in MaxLinear during the fourth quarter valued at $45,000. Finally, Wealthfront Advisers LLC purchased a new position in shares of MaxLinear in the 4th quarter worth $45,000. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

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.