MaxLinear (NASDAQ:MXL) Stock Price Expected to Rise, Loop Capital Analyst Says

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) had its price target increased by analysts at Loop Capital from $10.00 to $15.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "hold" rating on the semiconductor company's stock. Loop Capital's target price points to a potential downside of 1.32% from the company's current price.

A number of other brokerages have also commented on MXL. Benchmark upped their target price on MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Roth Capital set a $11.00 target price on shares of MaxLinear and gave the stock a "neutral" rating in a report on Thursday, April 24th. Wall Street Zen raised shares of MaxLinear from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Stifel Nicolaus boosted their price objective on MaxLinear from $16.00 to $18.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Susquehanna raised their target price on MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $19.31.

MaxLinear Stock Performance

Shares of MaxLinear stock traded down $0.01 during midday trading on Monday, hitting $15.20. The company had a trading volume of 933,067 shares, compared to its average volume of 1,622,775. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -6.15 and a beta of 1.69. MaxLinear has a 12-month low of $8.35 and a 12-month 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 company has a fifty day simple moving average of $13.96 and a 200 day simple moving average of $13.82.

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

Hedge Funds Weigh In On MaxLinear

A number of large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MaxLinear by 5.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,210 shares of the semiconductor company's stock valued at $2,912,000 after buying an additional 7,711 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of MaxLinear by 2.7% during the first quarter. Principal Financial Group Inc. now owns 384,677 shares of the semiconductor company's stock worth $4,178,000 after purchasing an additional 9,955 shares in the last quarter. GAMMA Investing LLC boosted its stake in MaxLinear by 889.1% during the 1st quarter. GAMMA Investing LLC now owns 40,888 shares of the semiconductor company's stock worth $444,000 after purchasing an additional 36,754 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of MaxLinear during the fourth quarter worth $280,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of MaxLinear in the first quarter valued at about $266,000. 90.79% of the stock is currently owned by institutional investors and hedge funds.

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.

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