MaxLinear's (MXL) "Hold" Rating Reiterated at Loop Capital

Key Points

• Loop Capital increased MaxLinear's price target from $10.00 to $15.00, maintaining a "hold" rating, which indicates potential downside from the current stock price.
• Other analysts have also raised their price targets, with Benchmark setting a target of $25.00 and giving a "buy" rating, reflecting varied confidence in the stock's performance.
• MaxLinear's recent earnings report showed a revenue increase of 18.3% year-over-year, but the company still faces challenges with a negative net margin of 55.53%.

MaxLinear (NASDAQ:MXL - Get Free Report)'s stock had its "hold" rating reissued by investment analysts at Loop Capital in a note issued to investors on Monday, Marketbeat Ratings reports. They presently have a $15.00 target price on the semiconductor company's stock, up from their prior target price of $10.00. Loop Capital's target price suggests a potential downside of 2.19% from the company's current price.

MXL has been the subject of a number of other research reports. 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. Stifel Nicolaus upped their price objective 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. Susquehanna raised their price objective on MaxLinear from $11.00 to $15.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Benchmark boosted their price objective on shares of MaxLinear from $20.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, 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. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $19.31.

MaxLinear Trading Up 0.2%

NASDAQ MXL traded up $0.03 on Monday, reaching $15.34. The company had a trading volume of 257,318 shares, compared to its average volume of 1,615,192. MaxLinear has a 52 week low of $8.35 and a 52 week high of $25.73. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -6.18 and a beta of 1.69. The stock's 50 day moving average is $14.24 and its 200-day moving average is $13.72.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. The business had revenue of $108.81 million during the quarter, compared to analysts' expectations of $104.94 million. MaxLinear had a negative return on equity of 18.16% and a negative net margin of 55.53%. MaxLinear's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.25) EPS. Equities analysts predict that MaxLinear will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd bought a new position in shares of MaxLinear in the fourth quarter valued at approximately $34,000. Farther Finance Advisors LLC bought a new position in MaxLinear in the 2nd quarter worth about $44,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in MaxLinear during the first quarter valued at approximately $49,000. PNC Financial Services Group Inc. increased its holdings in shares of MaxLinear by 104.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 1,828 shares during the period. Finally, Strs Ohio bought a new stake in shares of MaxLinear during the 1st quarter valued at about $63,000. 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.