Brokerages Set MaxLinear, Inc. (NASDAQ:MXL) PT at $25.64

Shares of MaxLinear, Inc. (NASDAQ:MXL) have been given an average rating of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $25.50.

MXL has been the topic of several research reports. Wells Fargo & Company upped their price target on MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research report on Thursday. Benchmark reiterated a “buy” rating and set a $28.00 price objective on shares of MaxLinear in a research note on Thursday. Craig Hallum decreased their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Susquehanna cut their price target on MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday.

MaxLinear Price Performance

Shares of MXL stock opened at $17.47 on Tuesday. The firm has a fifty day moving average of $19.80 and a two-hundred day moving average of $16.44. The firm has a market cap of $1.47 billion, a P/E ratio of -6.42 and a beta of 1.79. MaxLinear has a 1-year low of $11.08 and a 1-year high of $26.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. As a group, research analysts anticipate that MaxLinear will post -1.66 earnings per share for the current fiscal year.

Insider Transactions at MaxLinear

In other news, insider Connie H. Kwong sold 5,000 shares of MaxLinear stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total transaction of $93,050.00. Following the transaction, the insider now directly owns 49,147 shares in the company, valued at approximately $914,625.67. This trade represents a 9.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ted L. Tewksbury III sold 5,800 shares of MaxLinear stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.36, for a total value of $89,088.00. Following the transaction, the director now directly owns 69,717 shares in the company, valued at approximately $1,070,853.12. The trade was a 7.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,900 shares of company stock worth $927,278. Company insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MXL. Pacer Advisors Inc. boosted its holdings in shares of 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 buying an additional 443 shares during the period. Truvestments Capital LLC acquired a new position in MaxLinear in the 3rd quarter worth approximately $42,000. R Squared Ltd purchased a new position in MaxLinear during the 4th quarter worth approximately $45,000. GAMMA Investing LLC raised its stake in MaxLinear by 151.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 2,093 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of MaxLinear in the second quarter valued at $56,000. 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.