MaxLinear (NYSE:MXL) Shares Up 3.2%

MaxLinear, Inc. (NYSE:MXL) rose 3.2% on Tuesday . The stock traded as high as $21.96 and last traded at $21.96. Approximately 85,042 shares traded hands during trading, a decline of 88% from the average daily volume of 717,400 shares. The stock had previously closed at $21.28.

Analysts Set New Price Targets

MXL has been the subject of several research analyst reports. Northland Securities upgraded MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Thursday, April 4th. Benchmark restated a “buy” rating and set a $28.00 price target on shares of MaxLinear in a report on Thursday, April 25th. StockNews.com cut MaxLinear from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of MaxLinear in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.70.

MaxLinear Stock Down 0.1 %

The company has a fifty day moving average price of $19.11 and a 200-day moving average price of $20.12. The company has a quick ratio of 1.56, a current ratio of 1.99 and a debt-to-equity ratio of 0.19.

MaxLinear (NYSE:MXL) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.02. The company had revenue of $95.27 million during the quarter, compared to analysts’ expectations of $94.99 million. MaxLinear had a negative return on equity of 4.75% and a negative net margin of 28.70%. As a group, equities research analysts expect that MaxLinear, Inc. will post -1.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MaxLinear

A number of large investors have recently bought and sold shares of MXL. Vanguard Group Inc. raised its holdings in MaxLinear by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,683,038 shares of the semiconductor company’s stock worth $237,698,000 after purchasing an additional 1,199,257 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in MaxLinear by 423.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock worth $14,622,000 after purchasing an additional 531,529 shares during the period. Assenagon Asset Management S.A. acquired a new position in MaxLinear in the 4th quarter worth about $7,553,000. Penserra Capital Management LLC raised its holdings in shares of MaxLinear by 195.3% during the third quarter. Penserra Capital Management LLC now owns 317,783 shares of the semiconductor company’s stock valued at $7,070,000 after acquiring an additional 210,162 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of MaxLinear by 472.6% during the first quarter. Comerica Bank now owns 194,405 shares of the semiconductor company’s stock valued at $3,630,000 after acquiring an additional 160,456 shares during the last quarter. Institutional investors and hedge funds 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.