MaxLinear (NASDAQ:MXL) Trading Down 4.7% - What's Next?

MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) was down 4.7% on Wednesday . The company traded as low as $11.37 and last traded at $11.35. Approximately 168,894 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,442,094 shares. The stock had previously closed at $11.91.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MXL shares. Stifel Nicolaus dropped their price target on MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Roth Capital set a $11.00 target price on shares of MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th. Loop Capital cut their price target on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Finally, Benchmark reissued a "buy" rating and issued a $20.00 price target on shares of MaxLinear in a report on Thursday, April 24th. Five investment 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, MaxLinear currently has a consensus rating of "Hold" and a consensus target price of $19.06.

MaxLinear Stock Down 3.8%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The stock's 50 day moving average price is $10.95 and its 200-day moving average price is $15.22. The company has a market cap of $951.29 million, a PE ratio of -3.84 and a beta of 1.66.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly 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). The business had revenue of $95.93 million during the quarter, compared to analyst estimates of $95.32 million. MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. The company's revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.21) earnings per share. On average, analysts predict that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Insiders Place Their Bets

In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $10.40, for a total value of $63,138.40. Following the sale, the director now owns 74,995 shares of the company's stock, valued at $779,948. This trade represents a 7.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.80% of the company's stock.

Institutional Trading of MaxLinear

Several large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new stake in MaxLinear in the 4th quarter worth approximately $34,000. Pacer Advisors Inc. raised 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 valued at $39,000 after acquiring an additional 443 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in MaxLinear in the fourth quarter worth $45,000. R Squared Ltd purchased a new stake in MaxLinear in the fourth quarter worth $45,000. Finally, Larson Financial Group LLC boosted its holdings in MaxLinear by 3,092.0% in the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock valued at $56,000 after acquiring an additional 2,721 shares in the last quarter. 90.79% of the stock is owned by institutional investors.

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.