MaxLinear, Inc. (NASDAQ:MXL) Receives $25.50 Consensus PT from Analysts

MaxLinear, Inc. (NASDAQ:MXL) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $24.36.

MXL has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Susquehanna dropped their target price on MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Benchmark reduced their price target on MaxLinear from $28.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday. Northland Securities lifted their price objective on MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company increased their target price on MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MXL. Aster Capital Management DIFC Ltd bought a new position in shares of MaxLinear in the fourth quarter worth $34,000. Pacer Advisors Inc. grew its position in MaxLinear by 29.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 443 shares in the last quarter. R Squared Ltd acquired a new position in MaxLinear during the 4th quarter valued at about $45,000. Wealthfront Advisers LLC bought a new stake in shares of MaxLinear during the 4th quarter worth about $45,000. Finally, Larson Financial Group LLC lifted its stake in shares of MaxLinear by 3,092.0% in the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company’s stock worth $56,000 after acquiring an additional 2,721 shares during the period. 90.79% of the stock is owned by institutional investors and hedge funds.

MaxLinear Price Performance

MXL stock opened at $10.43 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. MaxLinear has a 1 year low of $8.35 and a 1 year high of $26.59. The stock’s 50 day moving average price is $13.24 and its 200 day moving average price is $15.97. The firm has a market cap of $882.73 million, a P/E ratio of -3.56 and a beta of 1.82.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data 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 net margin of 68.01% and a negative return on equity of 21.94%. On average, sell-side analysts expect that MaxLinear will post -0.37 earnings per share for the current fiscal year.

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.