MaxLinear (NASDAQ:MXL) Price Target Raised to $18.00 at Stifel Nicolaus

MaxLinear (NASDAQ:MXL - Get Free Report) had its target price boosted by Stifel Nicolaus from $16.00 to $18.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' target price would indicate a potential upside of 11.32% from the company's current price.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company set a $13.00 price target on MaxLinear and gave the stock an "equal weight" rating in a research note on Wednesday. Roth Capital set a $11.00 price target on MaxLinear and gave the company a "neutral" rating in a report on Thursday, April 24th. Loop Capital lowered their price target on MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Finally, Benchmark reaffirmed a "buy" rating and set a $20.00 price target on shares of MaxLinear in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, MaxLinear presently has an average rating of "Hold" and a consensus target price of $18.44.

MaxLinear Trading Up 3.7%

Shares of MXL traded up $0.58 during mid-day trading on Friday, hitting $16.17. 277,058 shares of the company's stock traded hands, compared to its average volume of 1,532,642. The company has a quick ratio of 1.19, a current ratio of 1.63 and a debt-to-equity ratio of 0.25. MaxLinear has a 1 year low of $8.35 and a 1 year high of $25.73. The firm has a market capitalization of $1.37 billion, a P/E ratio of -6.15 and a beta of 1.72. The business's 50-day moving average price is $13.05 and its 200-day moving average price is $14.25.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). MaxLinear had a negative return on equity of 21.86% and a negative net margin of 61.63%. The firm had revenue of $95.93 million for the quarter, compared to analysts' expectations of $95.32 million. During the same period in the previous year, the firm earned ($0.21) earnings per share. The business's revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts forecast that MaxLinear will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ted L. Tewksbury III sold 6,071 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $10.40, for a total transaction of $63,138.40. Following the completion of the sale, the director owned 74,995 shares in the company, valued at approximately $779,948. This trade represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by insiders.

Institutional Trading of MaxLinear

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in MaxLinear during the 4th quarter valued at approximately $1,671,000. PNC Financial Services Group Inc. grew its holdings in MaxLinear by 95.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company's stock valued at $77,000 after buying an additional 1,900 shares in the last quarter. Swiss National Bank grew its holdings in MaxLinear by 1.6% during the 4th quarter. Swiss National Bank now owns 156,773 shares of the semiconductor company's stock valued at $3,101,000 after buying an additional 2,500 shares in the last quarter. Natixis Advisors LLC grew its holdings in MaxLinear by 11.5% during the 4th quarter. Natixis Advisors LLC now owns 253,764 shares of the semiconductor company's stock valued at $5,019,000 after buying an additional 26,271 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in MaxLinear by 322.2% during the 4th quarter. Royce & Associates LP now owns 71,930 shares of the semiconductor company's stock valued at $1,423,000 after buying an additional 54,893 shares in 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.

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