MaxLinear (NASDAQ:MXL) Shares Down 5.2% - Time to Sell?

MaxLinear, Inc (NASDAQ:MXL - Get Free Report)'s share price fell 5.2% during trading on Tuesday . The stock traded as low as $14.88 and last traded at $15.09. 169,591 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 1,488,282 shares. The stock had previously closed at $15.92.

Analysts Set New Price Targets

MXL has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on MaxLinear from $13.00 to $18.00 and gave the company an "equal weight" rating in a research report on Thursday. Benchmark upped their target price on MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a report on Thursday. Stifel Nicolaus raised their price target on shares of MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Susquehanna upped their price objective on shares of MaxLinear from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Loop Capital decreased their target price 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. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, MaxLinear presently has an average rating of "Hold" and an average target price of $18.69.

MaxLinear Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.55 and a quick ratio of 1.19. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -6.62 and a beta of 1.72. The stock's 50 day simple moving average is $13.41 and its 200-day simple moving average is $14.11.

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

Insider Activity

In other news, Director Ted L. Tewksbury III sold 6,071 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $10.40, for a total transaction of $63,138.40. Following the transaction, the director owned 74,995 shares of the company's stock, valued at approximately $779,948. This represents a 7.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.80% of the company's stock.

Institutional Investors Weigh In On MaxLinear

Large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of MaxLinear in the fourth quarter valued at about $34,000. Farther Finance Advisors LLC acquired a new stake in MaxLinear in the 2nd quarter valued at approximately $44,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in MaxLinear during the first quarter worth $49,000. Strs Ohio acquired a new position in MaxLinear during the 1st quarter valued at $63,000. Finally, GAMMA Investing LLC boosted its holdings in MaxLinear by 36.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,143 shares of the semiconductor company's stock valued at $73,000 after purchasing an additional 1,378 shares during the period. 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.