MaxLinear's (MXL) Buy Rating Reiterated at Benchmark

Key Points

• Benchmark has reaffirmed its "buy" rating for MaxLinear (NASDAQ:MXL) with a price target of $25.00, indicating a potential upside of 59.03% from the stock's previous close.
• Despite Benchmark's optimistic outlook, the consensus rating for MaxLinear among analysts is currently a "Hold," with an average target price of $19.31.
• Recent insider transactions show a significant share sale by Steven G. Litchfield, who reduced his holdings by 24.65%, indicating potential concerns about the stock's performance.

Benchmark reaffirmed their buy rating on shares of MaxLinear (NASDAQ:MXL - Free Report) in a report issued on Tuesday,Benzinga reports. Benchmark currently has a $25.00 price objective on the semiconductor company's stock.

Several other analysts have also recently commented on the stock. Stifel Nicolaus raised their price target on shares of MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company lifted their target price on shares of MaxLinear from $13.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Loop Capital reiterated a "hold" rating and issued a $15.00 target price (up from $10.00) on shares of MaxLinear in a research note on Monday, August 4th. Susquehanna lifted their target price on shares of MaxLinear from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen cut shares of MaxLinear from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, MaxLinear has an average rating of "Hold" and an average price target of $19.31.

MaxLinear Stock Up 0.5%

Shares of MXL stock traded up $0.08 during trading on Tuesday, hitting $15.63. 969,268 shares of the company were exchanged, compared to its average volume of 1,380,664. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.55. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -6.33 and a beta of 1.76. The business's 50-day simple moving average is $15.50 and its 200 day simple moving average is $13.25. MaxLinear has a twelve month low of $8.35 and a twelve month high of $25.73.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $108.81 million during the quarter, compared to analysts' expectations of $104.94 million. MaxLinear had a negative net margin of 55.53% and a negative return on equity of 18.16%. The firm's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company posted ($0.25) earnings per share. MaxLinear has set its Q3 2025 guidance at EPS. As a group, analysts forecast that MaxLinear will post -0.37 EPS for the current fiscal year.

Insider Transactions at MaxLinear

In related news, insider Steven G. Litchfield sold 102,157 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $17.28, for a total transaction of $1,765,272.96. Following the transaction, the insider owned 312,203 shares of the company's stock, valued at approximately $5,394,867.84. The trade was a 24.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 7.80% of the company's stock.

Institutional Investors Weigh In On MaxLinear

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in MaxLinear by 5.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,210 shares of the semiconductor company's stock valued at $2,912,000 after buying an additional 7,711 shares during the period. Principal Financial Group Inc. increased its holdings in MaxLinear by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 384,677 shares of the semiconductor company's stock valued at $4,178,000 after buying an additional 9,955 shares during the period. GAMMA Investing LLC increased its holdings in MaxLinear by 889.1% in the 1st quarter. GAMMA Investing LLC now owns 40,888 shares of the semiconductor company's stock valued at $444,000 after buying an additional 36,754 shares during the period. Federated Hermes Inc. bought a new stake in MaxLinear in the 1st quarter valued at $1,486,000. Finally, Teacher Retirement System of Texas bought a new stake in MaxLinear in the 1st quarter valued at $266,000. Institutional investors 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.