Benchmark reissued their buy rating on shares of MaxLinear (NYSE:MXL - Free Report) in a report released on Thursday morning, Benzinga reports. The brokerage currently has a $28.00 price target on the semiconductor company's stock.
Several other equities research analysts also recently issued reports on the company. Wells Fargo & Company downgraded MaxLinear from an overweight rating to an equal weight rating and reduced their price objective for the stock from $35.00 to $25.00 in a research note on Wednesday, January 3rd. StockNews.com raised shares of MaxLinear from a sell rating to a hold rating in a research note on Thursday, February 29th. Northland Securities raised MaxLinear from a market perform rating to an outperform rating and set a $30.00 price target for the company in a research note on Thursday, April 4th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $25.00 price target on shares of MaxLinear in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $26.09.
Get Our Latest Analysis on MXL
MaxLinear Trading Down 1.2 %
Shares of MaxLinear stock traded down $0.25 during trading on Thursday, hitting $20.68. The stock had a trading volume of 2,122,366 shares, compared to its average volume of 783,763. MaxLinear has a 1 year low of $13.43 and a 1 year high of $35.09. The stock has a 50 day simple moving average of $19.89 and a 200 day simple moving average of $19.95. The company has a quick ratio of 1.75, a current ratio of 2.20 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.69 billion, a PE ratio of -23.24 and a beta of 1.98.
MaxLinear (NYSE:MXL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.02. MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. The firm had revenue of $95.27 million for the quarter, compared to analysts' expectations of $94.99 million. On average, research analysts expect that MaxLinear will post -0.8 EPS for the current fiscal year.
Hedge Funds Weigh In On MaxLinear
A number of hedge funds and other institutional investors have recently made changes to their positions in MXL. CWM LLC lifted its position in shares of MaxLinear by 712.8% during the 3rd quarter. CWM LLC now owns 2,292 shares of the semiconductor company's stock worth $51,000 after buying an additional 2,010 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of MaxLinear by 27.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company's stock valued at $90,000 after acquiring an additional 862 shares during the last quarter. Tower Research Capital LLC TRC grew its position in MaxLinear by 289.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company's stock worth $97,000 after acquiring an additional 3,020 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in MaxLinear by 8.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company's stock worth $150,000 after purchasing an additional 490 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of MaxLinear by 39.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,320 shares of the semiconductor company's stock worth $185,000 after purchasing an additional 2,355 shares during the last quarter. 90.79% of the stock is owned by institutional investors.
About MaxLinear
(
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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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