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

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

Wall Street Analyst Weigh In

MXL has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $28.00 target price on shares of MaxLinear in a research report on Thursday, January 30th. Susquehanna reduced their target price on MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. 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 note on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. Finally, Northland Securities boosted their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.50.

MaxLinear Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The firm has a market capitalization of $930.13 million, a price-to-earnings ratio of -3.75 and a beta of 1.76. The company has a 50-day moving average of $16.00 and a 200-day moving average of $16.35.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings results 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 net margin of 68.01% and a negative return on equity of 21.94%. As a group, research analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Trading of MaxLinear

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in MaxLinear by 3,698.1% in the 4th 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 last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of MaxLinear in the fourth quarter valued at approximately $25,659,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of MaxLinear in the fourth quarter worth $25,027,000. Point72 Asset Management L.P. boosted its holdings in MaxLinear by 1,813.5% during the fourth quarter. Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company’s stock worth $24,850,000 after purchasing an additional 1,190,647 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in MaxLinear by 339.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company’s stock valued at $24,740,000 after purchasing an additional 966,468 shares in the last quarter. 90.79% of the stock is currently owned by 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.