Loop Capital Lowers MaxLinear (NASDAQ:MXL) Price Target to $10.00

MaxLinear (NASDAQ:MXL - Get Free Report) had its target price lowered by analysts at Loop Capital from $18.00 to $10.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the semiconductor company's stock. Loop Capital's price objective indicates a potential downside of 0.99% from the stock's current price.

Several other equities analysts have also commented on MXL. Susquehanna dropped their target price on MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Roth Capital set a $11.00 target price on MaxLinear and gave the company a "neutral" rating in a report on Thursday, April 24th. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Benchmark reissued a "buy" rating and issued a $20.00 target price on shares of MaxLinear in a report on Thursday, April 24th. Finally, Stifel Nicolaus dropped their target price on MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.06.

MaxLinear Stock Up 1.1 %

Shares of NASDAQ MXL traded up $0.11 during mid-day trading on Tuesday, hitting $10.10. The company had a trading volume of 1,307,462 shares, compared to its average volume of 1,411,515. The company has a market capitalization of $854.80 million, a PE ratio of -3.45 and a beta of 1.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. MaxLinear has a 1-year low of $8.35 and a 1-year high of $26.59. The business's 50-day simple moving average is $11.58 and its 200 day simple moving average is $15.63.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $95.93 million for the quarter, compared to analysts' expectations of $95.32 million. MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. The company's revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) earnings per share. On average, analysts predict that MaxLinear will post -0.37 earnings per share for the current year.

Hedge Funds Weigh In On MaxLinear

Several hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of MaxLinear during the fourth quarter worth about $34,000. Pacer Advisors Inc. grew its holdings in shares of 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 last quarter. R Squared Ltd purchased a new position in shares of MaxLinear during the fourth quarter worth about $45,000. Wealthfront Advisers LLC purchased a new position in shares of MaxLinear during the fourth quarter worth about $45,000. Finally, Larson Financial Group LLC grew its holdings in shares of MaxLinear by 3,092.0% during the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock worth $56,000 after buying an additional 2,721 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company's stock.

MaxLinear Company Profile

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.