MaxLinear (NASDAQ:MXL - Get Free Report) had its target price increased by Susquehanna from $11.00 to $15.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the semiconductor company's stock. Susquehanna's target price would indicate a potential downside of 2.09% from the stock's current price.
Other analysts have also recently issued research reports about the company. Wells Fargo & Company set a $13.00 target price on MaxLinear and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Stifel Nicolaus raised 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. Benchmark reaffirmed a "buy" rating and issued a $20.00 target price on shares of MaxLinear in a research report on Thursday, April 24th. Loop Capital reduced their price target on MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Finally, Roth Capital set a $11.00 price objective on MaxLinear and gave the stock a "neutral" rating in a research note 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, MaxLinear has an average rating of "Hold" and an average target price of $17.44.
Read Our Latest Research Report on MXL
MaxLinear Stock Performance
MXL stock traded down $0.12 on Tuesday, reaching $15.32. The company's stock had a trading volume of 1,971,046 shares, compared to its average volume of 1,499,589. MaxLinear has a 52 week low of $8.35 and a 52 week high of $25.73. The company has a market capitalization of $1.30 billion, a P/E ratio of -5.83 and a beta of 1.72. The firm has a fifty day moving average of $13.32 and a two-hundred day moving average of $14.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.63 and a quick ratio of 1.19.
MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). The firm had revenue of $95.93 million during the quarter, compared to analyst estimates of $95.32 million. MaxLinear had a negative return on equity of 21.86% and a negative net margin of 61.63%. The firm's quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS. As a group, analysts predict that MaxLinear will post -0.37 EPS for the current fiscal year.
Insider Activity
In related news, Director Ted L. Tewksbury III sold 6,071 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $10.40, for a total transaction of $63,138.40. Following the transaction, the director directly owned 74,995 shares in the company, valued at approximately $779,948. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.80% of the company's stock.
Institutional Investors Weigh In On MaxLinear
Several institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd bought a new position in shares of MaxLinear in the fourth quarter worth about $34,000. Farther Finance Advisors LLC bought a new position in shares of MaxLinear in the second quarter worth about $44,000. PNC Financial Services Group Inc. lifted 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 acquiring an additional 1,900 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of MaxLinear in the 1st quarter valued at $49,000. Finally, GAMMA Investing LLC lifted its stake in shares of MaxLinear by 36.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,143 shares of the semiconductor company's stock valued at $73,000 after acquiring an additional 1,378 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors.
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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