MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) shares rose 4.3% during mid-day trading on Tuesday . The company traded as high as $12.58 and last traded at $12.64. Approximately 160,955 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,633,473 shares. The stock had previously closed at $12.11.
Analyst Ratings Changes
Several research analysts have recently issued reports on MXL shares. Roth Capital set a $11.00 target price on shares of MaxLinear and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Stifel Nicolaus cut their price objective on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Loop Capital lowered their target price on MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Finally, Benchmark restated a "buy" rating and issued a $20.00 price target on shares of MaxLinear in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.06.
Read Our Latest Report on MaxLinear
MaxLinear Stock Performance
The stock has a market cap of $1.07 billion, a PE ratio of -4.32 and a beta of 1.68. The firm's 50-day moving average is $11.28 and its 200 day moving average is $15.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77.
MaxLinear (NASDAQ:MXL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. The business had revenue of $95.93 million during the quarter, compared to analysts' expectations of $95.32 million. During the same quarter in the previous year, the business earned ($0.21) EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current year.
Insider Activity
In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the firm'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 now owns 74,995 shares of the company's stock, valued at $779,948. This trade represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.80% of the company's stock.
Institutional Trading of MaxLinear
Several hedge funds have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new stake in MaxLinear during the 4th quarter worth about $34,000. Wealthfront Advisers LLC bought a new position in shares of MaxLinear in the fourth quarter worth about $45,000. Larson Financial Group LLC boosted its holdings in MaxLinear by 3,092.0% in the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock valued at $56,000 after purchasing an additional 2,721 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of MaxLinear by 95.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company's stock valued at $77,000 after purchasing an additional 1,900 shares during the period. Finally, AlphaQuest LLC lifted its holdings in MaxLinear by 13,836.7% during the 4th quarter. AlphaQuest LLC now owns 4,181 shares of the semiconductor company's stock valued at $83,000 after purchasing an additional 4,151 shares during the last quarter. Institutional investors own 90.79% of the company's stock.
MaxLinear Company Profile
(
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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