MaxLinear (NASDAQ:MXL) Shares Gap Down - Here's What Happened

MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $10.09, but opened at $9.80. MaxLinear shares last traded at $9.73, with a volume of 56,552 shares.

Analyst Ratings Changes

A number of equities analysts have commented on MXL shares. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Northland Securities increased their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a report on Monday, January 6th. Wells Fargo & Company upped their target price on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Susquehanna reduced their price target on MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Finally, Benchmark lowered their price objective on MaxLinear from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $24.36.

MaxLinear Price Performance

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 business has a fifty day moving average price of $13.10 and a 200 day moving average price of $15.93. The company has a market cap of $859.04 million, a price-to-earnings ratio of -3.46 and a beta of 1.82.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. As a group, research analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MXL. Aster Capital Management DIFC Ltd acquired a new position in MaxLinear in the 4th quarter valued at approximately $34,000. Pacer Advisors Inc. grew its stake in shares of MaxLinear by 29.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 443 shares during the last quarter. R Squared Ltd acquired a new stake in MaxLinear in the fourth quarter valued at $45,000. Wealthfront Advisers LLC bought a new position in MaxLinear during the 4th quarter worth $45,000. Finally, Larson Financial Group LLC raised its position in MaxLinear by 3,092.0% during the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock worth $56,000 after purchasing an additional 2,721 shares during the last quarter. 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.