MaxLinear (NASDAQ:MXL) Cut to "Hold" at Zacks Research

Key Points

• MaxLinear has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, reflecting a shift in analyst sentiment.
• Despite the downgrade, several analysts maintain a "buy" rating for MaxLinear, with target prices ranging from $15.00 to $25.00.
• The company's stock opened at $16.53, with a twelve-month price range of $8.35 to $25.73, indicating significant volatility.

MaxLinear (NASDAQ:MXL - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

MXL has been the subject of several other reports. Wall Street Zen raised MaxLinear from a "hold" rating to a "buy" rating in a research report on Saturday. Benchmark reissued a "buy" rating and issued a $25.00 price target on shares of MaxLinear in a research report on Tuesday, September 2nd. Susquehanna boosted their price target on MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Stifel Nicolaus boosted their price target on MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company upped their target price on MaxLinear from $13.00 to $18.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, MaxLinear has an average rating of "Hold" and a consensus target price of $19.31.

MaxLinear Price Performance

Shares of MXL stock opened at $16.53 on Monday. MaxLinear has a twelve month low of $8.35 and a twelve month high of $25.73. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -6.69 and a beta of 1.76. The stock has a fifty day simple moving average of $15.88 and a two-hundred day simple moving average of $13.37. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share 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 return on equity of 18.16% and a negative net margin of 55.53%.The business's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.25) EPS. MaxLinear has set its Q3 2025 guidance at EPS. On average, analysts predict that MaxLinear will post -0.37 EPS for the current fiscal year.

Insider Transactions at MaxLinear

In other MaxLinear news, insider Steven G. Litchfield sold 102,157 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $17.28, for a total value of $1,765,272.96. Following the completion of the transaction, the insider directly 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 can be accessed through this link. Insiders own 7.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new position in MaxLinear in the second quarter valued at approximately $44,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in MaxLinear during the first quarter worth approximately $49,000. PNC Financial Services Group Inc. boosted its position in MaxLinear by 104.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 1,828 shares in the last quarter. Raymond James Financial Inc. purchased a new position in MaxLinear during the second quarter worth approximately $51,000. Finally, Strs Ohio purchased a new position in MaxLinear during the first quarter worth approximately $63,000. 90.79% of the stock is owned by institutional investors and hedge funds.

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.

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