MaxLinear (NASDAQ:MXL) Raised to Buy 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.

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

MaxLinear Stock Performance

Shares of MXL traded down $0.01 during trading hours on Friday, reaching $17.10. 67,118 shares of the company traded hands, compared to its average volume of 1,567,762. The stock's fifty day moving average is $15.84 and its 200 day moving average is $13.35. The stock has a market cap of $1.49 billion, a P/E ratio of -6.93 and a beta of 1.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.55. MaxLinear has a 1-year low of $8.35 and a 1-year high of $25.73.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The semiconductor company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates 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%. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.25) earnings per share. MaxLinear has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that MaxLinear will post -0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Steven G. Litchfield sold 102,157 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $17.28, for a total value of $1,765,272.96. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new position in MaxLinear in the 2nd quarter valued at about $44,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of MaxLinear during the 1st quarter worth approximately $49,000. PNC Financial Services Group Inc. grew its position in shares of MaxLinear by 104.4% during the 2nd 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of MaxLinear during the 2nd quarter worth approximately $51,000. Finally, Strs Ohio acquired a new position in shares of MaxLinear during the 1st quarter worth approximately $63,000. Institutional investors and hedge funds own 90.79% of the company's stock.

About MaxLinear

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.