Analysts Set MaxLinear, Inc. (NASDAQ:MXL) Price Target at $23.86

MaxLinear, Inc. (NASDAQ:MXL) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $23.86.

MXL has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $22.00 price target on shares of MaxLinear in a report on Thursday, October 24th. Craig Hallum dropped their price objective on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Susquehanna lowered shares of MaxLinear from a “positive” rating to a “neutral” rating and cut their target price for the company from $26.00 to $15.00 in a research report on Tuesday, October 1st. Finally, Northland Securities lowered their price target on shares of MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, July 25th.

Insider Transactions at MaxLinear

In related news, VP William Torgerson sold 6,100 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $15.40, for a total value of $93,940.00. Following the sale, the vice president now directly owns 179,262 shares in the company, valued at $2,760,634.80. This represents a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On MaxLinear

A number of hedge funds have recently bought and sold shares of MXL. Geode Capital Management LLC grew its holdings in MaxLinear by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company’s stock worth $26,152,000 after acquiring an additional 6,420 shares during the period. Barclays PLC boosted its position in shares of MaxLinear by 47.6% during the 3rd quarter. Barclays PLC now owns 335,804 shares of the semiconductor company’s stock valued at $4,860,000 after purchasing an additional 108,346 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of MaxLinear by 4,298.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,979 shares of the semiconductor company’s stock valued at $304,000 after purchasing an additional 20,502 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in MaxLinear by 35.7% during the third quarter. Orion Portfolio Solutions LLC now owns 32,259 shares of the semiconductor company’s stock worth $467,000 after purchasing an additional 8,495 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in MaxLinear by 21.8% in the third quarter. Two Sigma Advisers LP now owns 694,149 shares of the semiconductor company’s stock worth $10,051,000 after purchasing an additional 124,300 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Down 3.8 %

Shares of MaxLinear stock opened at $14.30 on Thursday. The firm’s 50-day moving average price is $14.29 and its two-hundred day moving average price is $16.40. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -5.26 and a beta of 1.85. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. MaxLinear has a 12-month low of $11.08 and a 12-month high of $26.59.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The firm had revenue of $81.10 million during the quarter, compared to the consensus estimate of $80.40 million. During the same period last year, the business earned ($0.02) earnings per share. The business’s revenue was down 40.2% compared to the same quarter last year. On average, analysts forecast that MaxLinear will post -1.66 earnings per share for the current fiscal year.

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.