MaxLinear (NYSE:MXL) Shares Gap Up to $21.65

MaxLinear, Inc. (NYSE:MXL - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $21.65, but opened at $22.91. MaxLinear shares last traded at $24.08, with a volume of 254,719 shares trading hands.

Analyst Ratings Changes

Several research firms have recently weighed in on MXL. Needham & Company LLC reduced their price objective on MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, February 1st. Northland Securities raised MaxLinear from a "market perform" rating to an "outperform" rating and set a $30.00 target price for the company in a research report on Thursday. Wells Fargo & Company cut MaxLinear from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Finally, StockNews.com raised MaxLinear from a "sell" rating to a "hold" rating in a research report on Thursday, February 29th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $25.64.

MaxLinear Stock Performance

The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -25.51 and a beta of 1.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.20 and a quick ratio of 1.75. The stock has a 50 day moving average price of $19.29 and a two-hundred day moving average price of $19.99.

MaxLinear (NYSE:MXL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported ($0.17) EPS for the quarter, hitting analysts' consensus estimates of ($0.17). The firm had revenue of $125.35 million during the quarter, compared to analyst estimates of $125.06 million. MaxLinear had a positive return on equity of 4.77% and a negative net margin of 10.55%. On average, analysts predict that MaxLinear, Inc. will post -0.8 EPS for the current fiscal year.

Institutional Trading of MaxLinear

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in MaxLinear by 354.9% during the third quarter. Acadian Asset Management LLC now owns 39,519 shares of the semiconductor company's stock worth $876,000 after buying an additional 30,832 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of MaxLinear by 423.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company's stock valued at $14,622,000 after purchasing an additional 531,529 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of MaxLinear by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 632,251 shares of the semiconductor company's stock valued at $14,068,000 after purchasing an additional 31,589 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of MaxLinear by 180.9% during the 3rd quarter. GSA Capital Partners LLP now owns 82,324 shares of the semiconductor company's stock valued at $1,832,000 after purchasing an additional 53,013 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of MaxLinear by 111.2% during the 3rd quarter. Hsbc Holdings PLC now owns 113,497 shares of the semiconductor company's stock valued at $2,534,000 after purchasing an additional 59,760 shares in the last quarter. 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.