MaxLinear (NASDAQ:MXL - Get Free Report) had its price target lifted by analysts at 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 price objective suggests a potential downside of 0.41% from the company's previous close.
Several other research analysts also recently weighed in on the company. Roth Capital set a $11.00 target price on MaxLinear and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Loop Capital reduced their target price on MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company upped their target price on MaxLinear from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Stifel Nicolaus upped their target price on MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Benchmark reaffirmed a "buy" rating and set a $20.00 target price on shares of MaxLinear 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 stock. According to data from MarketBeat, MaxLinear has a consensus rating of "Hold" and an average price target of $17.44.
Get Our Latest Analysis on MaxLinear
MaxLinear Stock Down 5.4%
Shares of MaxLinear stock traded down $0.86 during trading on Tuesday, hitting $15.06. 760,878 shares of the stock traded hands, compared to its average volume of 1,490,591. The firm has a market cap of $1.27 billion, a P/E ratio of -5.73 and a beta of 1.72. The company has a current ratio of 1.63, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25. MaxLinear has a 52-week low of $8.35 and a 52-week high of $25.73. The stock's fifty day simple moving average is $13.15 and its 200 day simple moving average is $14.15.
MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). MaxLinear had a negative return on equity of 21.86% and a negative net margin of 61.63%. The company had revenue of $95.93 million for the quarter, compared to the consensus estimate of $95.32 million. During the same quarter last year, the company earned ($0.21) earnings per share. The firm's revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts predict that MaxLinear will post -0.37 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Ted L. Tewksbury III sold 6,071 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $10.40, for a total value of $63,138.40. Following the sale, the director owned 74,995 shares of the company's stock, valued at approximately $779,948. This trade represents a 7.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.80% of the company's stock.
Hedge Funds Weigh In On MaxLinear
Hedge funds have recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in MaxLinear during the fourth quarter valued at $34,000. Farther Finance Advisors LLC bought a new position in MaxLinear during the second quarter valued at about $44,000. PNC Financial Services Group Inc. boosted its holdings in MaxLinear by 95.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company's stock valued at $77,000 after purchasing an additional 1,900 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in MaxLinear during the first quarter valued at approximately $49,000. Finally, GAMMA Investing LLC boosted its holdings in MaxLinear by 36.6% during the second quarter. GAMMA Investing LLC now owns 5,143 shares of the semiconductor company's stock valued at $73,000 after purchasing an additional 1,378 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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