MaxLinear (NASDAQ:MXL) Downgraded to Hold Rating by Wall Street Zen

Key Points

• MaxLinear has been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen, impacting its market outlook.
• Despite the downgrade, other analysts have raised their price targets for MaxLinear, with a current consensus target price of $19.31.
• Institutional investors own 90.79% of MaxLinear’s stock, highlighting significant confidence from major financial institutions in the company's potential.

Wall Street Zen lowered shares of MaxLinear (NASDAQ:MXL - Free Report) from a buy rating to a hold rating in a research note published on Friday morning.

Several other analysts have also recently issued reports on MXL. Benchmark raised their target price on MaxLinear from $20.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Roth Capital set a $11.00 target price on MaxLinear and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Wells Fargo & Company raised their target price on MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Loop Capital reissued 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. Finally, Susquehanna raised their target price on MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MaxLinear presently has an average rating of "Hold" and an average target price of $19.31.

MaxLinear Trading Up 0.1%

Shares of NASDAQ:MXL traded up $0.02 on Friday, reaching $16.76. 1,975,551 shares of the company traded hands, compared to its average volume of 1,540,760. The business's 50-day simple moving average is $15.27 and its 200 day simple moving average is $13.28. MaxLinear has a 52 week low of $8.35 and a 52 week high of $25.73. The stock has a market capitalization of $1.46 billion, a P/E ratio of -6.79 and a beta of 1.69. 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 announced its quarterly earnings data on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. MaxLinear had a negative return on equity of 18.16% and a negative net margin of 55.53%.The firm had revenue of $108.81 million for the quarter, compared to analysts' expectations of $104.94 million. During the same period last year, the firm earned ($0.25) earnings per share. The company's revenue for the quarter was up 18.3% compared to the same quarter last year. MaxLinear has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that MaxLinear will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other MaxLinear news, insider Steven G. Litchfield sold 102,157 shares of MaxLinear stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $17.28, for a total transaction of $1,765,272.96. Following the sale, 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 position. The transaction 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 Trading of MaxLinear

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in MaxLinear by 27.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company's stock valued at $41,054,000 after acquiring an additional 628,719 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of MaxLinear by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,957,624 shares of the semiconductor company's stock worth $27,821,000 after purchasing an additional 62,083 shares in the last quarter. Invesco Ltd. boosted its position in shares of MaxLinear by 414.8% in the 1st quarter. Invesco Ltd. now owns 1,684,247 shares of the semiconductor company's stock worth $18,291,000 after purchasing an additional 1,357,093 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of MaxLinear by 3,698.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock worth $30,173,000 after purchasing an additional 1,485,256 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of MaxLinear by 239.0% in the 2nd quarter. Marshall Wace LLP now owns 1,385,171 shares of the semiconductor company's stock worth $19,683,000 after purchasing an additional 976,537 shares in the last quarter. 90.79% of the stock is owned by institutional investors.

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.