MaxLinear (NASDAQ:MXL) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of MaxLinear, Inc. (NASDAQ:MXL) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.21 and traded as high as $17.43. MaxLinear shares last traded at $17.03, with a volume of 985,608 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have commented on MXL. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. Northland Securities lifted their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a report on Monday, January 6th. Susquehanna cut their price objective on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Craig Hallum cut their price objective on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Wells Fargo & Company lifted their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, MaxLinear has an average rating of “Hold” and a consensus price target of $25.50.

MaxLinear Stock Up 1.2 %

The stock’s fifty day moving average is $19.84 and its two-hundred day moving average is $16.21. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.44 billion, a PE ratio of -5.81 and a beta of 1.77.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts predict that MaxLinear, Inc. will post -0.37 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On MaxLinear

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MXL. State Street Corp increased its position in shares of MaxLinear by 5.1% during the third quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company’s stock valued at $59,707,000 after buying an additional 198,791 shares during the period. Geode Capital Management LLC increased its position in shares of MaxLinear by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company’s stock valued at $26,152,000 after buying an additional 6,420 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of MaxLinear by 3,698.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company’s stock valued at $30,173,000 after buying an additional 1,485,256 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of MaxLinear during the fourth quarter valued at about $25,659,000. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of MaxLinear by 10.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company’s stock valued at $25,098,000 after buying an additional 115,867 shares during the period. 90.79% of the stock is currently owned by institutional investors.

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.