MaxLinear, Inc. (NASDAQ:MXL) Receives $25.50 Consensus Price Target from Analysts

MaxLinear, Inc. (NASDAQ:MXL) has received an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.50.

MXL has been the subject of a number of recent research reports. Susquehanna dropped their price objective on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company increased their target price on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Benchmark reaffirmed a “buy” rating and set a $28.00 price objective on shares of MaxLinear in a report on Thursday, January 30th. Finally, Northland Securities boosted their target price on MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a report on Monday, January 6th.

MaxLinear Price Performance

Shares of MaxLinear stock opened at $12.70 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. MaxLinear has a fifty-two week low of $11.08 and a fifty-two week high of $26.59. The firm has a fifty day moving average price of $16.98 and a two-hundred day moving average price of $16.37. The company has a market cap of $1.07 billion, a PE ratio of -4.33 and a beta of 1.76.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. Analysts expect that MaxLinear will post -0.37 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State Street Corp boosted its position in MaxLinear by 5.1% in the 3rd quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company’s stock valued at $59,707,000 after buying an additional 198,791 shares during the last quarter. Geode Capital Management LLC boosted its position in MaxLinear by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company’s stock valued at $26,152,000 after buying an additional 6,420 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in MaxLinear by 3,698.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company’s stock valued at $30,173,000 after buying an additional 1,485,256 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in MaxLinear in the 4th quarter valued at $25,659,000. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of MaxLinear by 10.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company’s stock valued at $25,098,000 after purchasing an additional 115,867 shares during the period. 90.79% of the stock is currently owned by institutional investors.

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.