MaxLinear (NASDAQ:MXL) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• MaxLinear's share price has surged above its 200-day moving average of $13.54, hitting a high of $17.12 during recent trading, highlighting strong performance.
• Analysts have shown optimism, with multiple firms upgrading their ratings and target prices, including Benchmark which set a target at $25.00.
• Insider transactions show significant activity, with Steven G. Litchfield selling over 102,000 shares, decreasing their ownership by nearly 25%.

MaxLinear, Inc (NASDAQ:MXL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.54 and traded as high as $17.12. MaxLinear shares last traded at $16.20, with a volume of 1,542,281 shares traded.

Wall Street Analysts Forecast Growth

MXL has been the topic of a number of recent analyst reports. Susquehanna increased their price objective on shares of MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of MaxLinear from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Wells Fargo & Company increased their price objective on shares of MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Benchmark reaffirmed a "buy" rating and set a $25.00 target price on shares of MaxLinear in a research report on Tuesday, September 2nd. Finally, Stifel Nicolaus raised their target price on shares of MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Four 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 presently has an average rating of "Hold" and an average target price of $19.31.

MaxLinear Trading Down 1.0%

The company has a market capitalization of $1.41 billion, a PE ratio of -6.56 and a beta of 1.77. The company's fifty day moving average is $15.93 and its 200-day moving average is $13.54. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.55 and a quick ratio of 1.14.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $108.81 million during the quarter, compared to the consensus estimate of $104.94 million. MaxLinear had a negative net margin of 55.53% and a negative return on equity of 18.16%. MaxLinear's revenue was up 18.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.25) earnings per share. MaxLinear has set its Q3 2025 guidance at EPS. On average, analysts anticipate that MaxLinear, Inc 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 the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $17.28, for a total value of $1,765,272.96. Following the completion of the sale, the insider directly owned 312,203 shares in the company, valued at $5,394,867.84. This trade represents a 24.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MaxLinear

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC lifted its stake in shares of MaxLinear by 20.0% during the second quarter. Orion Porfolio Solutions LLC now owns 59,335 shares of the semiconductor company's stock worth $843,000 after buying an additional 9,895 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of MaxLinear during the second quarter worth $5,894,000. Thrivent Financial for Lutherans lifted its stake in shares of MaxLinear by 2.2% during the second quarter. Thrivent Financial for Lutherans now owns 57,796 shares of the semiconductor company's stock worth $821,000 after buying an additional 1,226 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of MaxLinear by 9.7% during the second quarter. Public Sector Pension Investment Board now owns 267,963 shares of the semiconductor company's stock worth $3,808,000 after buying an additional 23,727 shares during the period. Finally, FORA Capital LLC acquired a new stake in shares of MaxLinear during the second quarter worth $210,000. 90.79% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.