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MaxLinear (NASDAQ:MXL) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

MaxLinear logo with Computer and Technology background

MaxLinear, Inc (NASDAQ:MXL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.47 and traded as high as $14.92. MaxLinear shares last traded at $14.91, with a volume of 812,552 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MXL shares. Roth Capital set a $11.00 price target on shares of MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th. Loop Capital lowered their price objective 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. Stifel Nicolaus lowered their price objective on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Benchmark reissued a "buy" rating and issued a $20.00 price objective on shares of MaxLinear in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, MaxLinear presently has an average rating of "Hold" and a consensus price target of $19.06.

Check Out Our Latest Stock Report on MaxLinear

MaxLinear Stock Down 1.3%

The company has a current ratio of 1.63, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -5.68 and a beta of 1.72. The firm's 50 day simple moving average is $12.73 and its 200-day simple moving average is $14.37.

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 for the quarter, hitting analysts' consensus estimates of ($0.05). MaxLinear had a negative net margin of 61.63% and a negative return on equity of 21.86%. The business had revenue of $95.93 million for the quarter, compared to analysts' expectations of $95.32 million. During the same period in the prior year, the company posted ($0.21) EPS. The business's revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts anticipate that MaxLinear, Inc will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling

In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $10.40, for a total value of $63,138.40. Following the transaction, the director directly owned 74,995 shares in the company, valued at approximately $779,948. This represents a 7.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in MaxLinear in the fourth quarter valued at approximately $34,000. Farther Finance Advisors LLC acquired a new stake in MaxLinear in the second quarter valued at approximately $44,000. Wealthfront Advisers LLC acquired a new stake in MaxLinear in the fourth quarter valued at approximately $45,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in MaxLinear in the first quarter valued at approximately $49,000. Finally, Strs Ohio acquired a new stake in MaxLinear in the first quarter valued at approximately $63,000. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

About MaxLinear

(Get Free Report)

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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