MaxLinear (NASDAQ:MXL) Price Target Cut to $20.00 by Analysts at Benchmark

MaxLinear (NASDAQ:MXL - Get Free Report) had its price target cut by analysts at Benchmark from $28.00 to $20.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Benchmark's target price would suggest a potential upside of 95.69% from the company's current price.

Other analysts also recently issued reports about the company. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Wells Fargo & Company increased their price objective on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Susquehanna lowered their target price on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Finally, Northland Securities upped their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a research report on Monday, January 6th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $22.36.

MaxLinear Stock Up 0.7 %

MXL stock traded up $0.07 during trading on Tuesday, hitting $10.22. 880,122 shares of the company's stock were exchanged, compared to its average volume of 1,381,618. The business has a 50-day moving average price of $12.71 and a two-hundred day moving average price of $15.86. 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 stock has a market capitalization of $864.96 million, a price-to-earnings ratio of -3.49 and a beta of 1.82. MaxLinear has a 52-week low of $8.35 and a 52-week high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 21.94% and a negative net margin of 68.01%. As a group, equities research analysts expect that MaxLinear will post -0.37 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MXL. Aster Capital Management DIFC Ltd acquired a new position in shares of MaxLinear during the 4th quarter worth $34,000. Pacer Advisors Inc. grew its position in MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after buying an additional 443 shares during the period. R Squared Ltd purchased a new position in MaxLinear in the fourth quarter valued at about $45,000. Wealthfront Advisers LLC acquired a new stake in shares of MaxLinear during the 4th quarter valued at approximately $45,000. Finally, Larson Financial Group LLC grew its holdings 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. Institutional investors and hedge funds own 90.79% of the company's stock.

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.