MaxLinear (NASDAQ:MXL) Upgraded at Wall Street Zen

Key Points

• MaxLinear has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating improved investor confidence in the stock.
• The company reported a revenue of $108.81 million for the last quarter, surpassing the consensus estimate of $104.94 million, with a year-over-year growth of 18.3%.
• Insider Steven G. Litchfield sold over 102,000 shares of MaxLinear, reducing his stake by 24.65%, which may raise questions about insider confidence in the company's future performance.

Wall Street Zen upgraded shares of MaxLinear (NASDAQ:MXL - Free Report) from a hold rating to a buy rating in a research report released on Saturday.

A number of other analysts have also issued reports on the company. Stifel Nicolaus lifted their target price on MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Loop Capital reaffirmed a "hold" rating and set a $15.00 target price (up from $10.00) on shares of MaxLinear in a research report on Monday, August 4th. Wells Fargo & Company lifted their target price on MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Benchmark reaffirmed a "buy" rating and set a $25.00 target price on shares of MaxLinear in a research report on Tuesday, September 2nd. Finally, Susquehanna lifted their target price on MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $19.31.

MaxLinear Stock Down 3.1%

NASDAQ:MXL traded down $0.51 during mid-day trading on Friday, hitting $16.19. The company had a trading volume of 1,514,770 shares, compared to its average volume of 1,310,564. The business has a fifty day simple moving average of $15.79 and a 200-day simple moving average of $13.31. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. MaxLinear has a 1 year low of $8.35 and a 1 year high of $25.73. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -6.55 and a beta of 1.76.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The semiconductor company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. MaxLinear had a negative return on equity of 18.16% and a negative net margin of 55.53%.The company had revenue of $108.81 million for the quarter, compared to analyst estimates of $104.94 million. During the same period last year, the company posted ($0.25) earnings per share. The firm's revenue was up 18.3% compared to the same quarter last year. MaxLinear has set its Q3 2025 guidance at EPS. Equities analysts forecast that MaxLinear will post -0.37 earnings per share for the current fiscal year.

Insider Activity at MaxLinear

In other news, insider Steven G. Litchfield sold 102,157 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $17.28, for a total transaction of $1,765,272.96. Following the completion of the sale, the insider owned 312,203 shares in the company, valued at approximately $5,394,867.84. This represents a 24.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.80% of the company's stock.

Institutional Trading of MaxLinear

Several large investors have recently added to or reduced their stakes in MXL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in MaxLinear by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,394 shares of the semiconductor company's stock valued at $898,000 after purchasing an additional 2,004 shares during the period. Nuveen Asset Management LLC raised its stake in MaxLinear by 135.1% during the 4th quarter. Nuveen Asset Management LLC now owns 1,048,406 shares of the semiconductor company's stock valued at $20,737,000 after purchasing an additional 602,540 shares during the period. ProShare Advisors LLC raised its stake in MaxLinear by 44.7% during the 4th quarter. ProShare Advisors LLC now owns 23,996 shares of the semiconductor company's stock valued at $475,000 after purchasing an additional 7,409 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in MaxLinear by 5.5% during 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 purchasing an additional 7,711 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in MaxLinear during the 4th quarter valued at $3,709,000. 90.79% of the stock is 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.