MaxLinear (NASDAQ:MXL) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

MaxLinear, Inc (NASDAQ:MXL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

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

MaxLinear Price Performance

The stock has a market capitalization of $1.26 billion, a PE ratio of -5.67 and a beta of 1.72. The company's 50 day simple moving average is $12.44 and its 200 day simple moving average is $14.47. The company has a current ratio of 1.63, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS 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 firm had revenue of $95.93 million for the quarter, compared to analyst estimates of $95.32 million. During the same quarter in the previous year, the business posted ($0.21) EPS. The firm's revenue was up .7% compared to the same quarter last year. On average, equities analysts anticipate that MaxLinear, Inc will post -0.37 earnings per share for the current year.

Insider Activity at MaxLinear

In related news, Director Ted L. Tewksbury III sold 6,071 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $10.40, for a total transaction of $63,138.40. Following the completion of the sale, the director directly owned 74,995 shares of the company's stock, valued at approximately $779,948. This represents a 7.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MaxLinear

Several institutional investors have recently modified their holdings of MXL. Aster Capital Management DIFC Ltd acquired a new position in MaxLinear during the fourth quarter worth $34,000. Wealthfront Advisers LLC bought a new position in MaxLinear during the fourth quarter worth about $45,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in MaxLinear during the first quarter worth about $49,000. Larson Financial Group LLC boosted its stake 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 buying an additional 2,721 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of MaxLinear in the 1st quarter valued at approximately $63,000. Institutional investors and hedge funds 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.