MaxLinear (NASDAQ:MXL) Trading 4.5% Higher – Should You Buy?

MaxLinear, Inc. (NASDAQ:MXL)’s share price shot up 4.5% on Tuesday . The stock traded as high as $10.46 and last traded at $10.35. 328,486 shares were traded during trading, a decline of 76% from the average session volume of 1,368,348 shares. The stock had previously closed at $9.90.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MXL shares. Susquehanna reduced their price objective on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Benchmark lowered their price objective on MaxLinear from $28.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday. Wells Fargo & Company lifted their target price on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Northland Securities increased their price target on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a report on Monday, January 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, MaxLinear presently has a consensus rating of “Hold” and an average price target of $24.36.

MaxLinear Stock Up 5.3 %

The company has a market cap of $882.31 million, a PE ratio of -3.56 and a beta of 1.82. The business has a fifty day simple moving average of $13.24 and a two-hundred day simple moving average of $15.97. 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 issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share 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, equities research analysts predict that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake 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 acquiring an additional 1,485,256 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of MaxLinear in the fourth quarter valued at approximately $25,659,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of MaxLinear in the fourth quarter valued at approximately $25,027,000. Point72 Asset Management L.P. lifted its holdings in MaxLinear by 1,813.5% during the 4th quarter. Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company’s stock worth $24,850,000 after buying an additional 1,190,647 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in MaxLinear by 339.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company’s stock valued at $24,740,000 after buying an additional 966,468 shares during the period. 90.79% of the stock is currently owned by institutional investors and hedge funds.

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.