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

Shares of MaxLinear, Inc. (NASDAQ:MXL) have been given an average rating of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $25.50.

Several equities analysts recently weighed in on the stock. Benchmark restated a “buy” rating and set a $28.00 target price on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities lifted their price target on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Susquehanna dropped their price target on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th.

MaxLinear Stock Down 2.1 %

MXL stock opened at $12.70 on Wednesday. The stock has a market capitalization of $1.07 billion, a P/E ratio of -4.33 and a beta of 1.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. MaxLinear has a one year low of $11.08 and a one year high of $26.59. The company has a 50 day moving average price of $16.98 and a two-hundred day moving average price of $16.37.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share 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%. As a group, sell-side analysts expect that MaxLinear will post -0.37 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. grew its position in MaxLinear by 5,114.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 126,863 shares of the semiconductor company’s stock worth $1,837,000 after acquiring an additional 124,430 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of MaxLinear by 111.7% during the 3rd quarter. Quantbot Technologies LP now owns 66,363 shares of the semiconductor company’s stock worth $961,000 after buying an additional 35,018 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of MaxLinear by 21.8% during the 3rd quarter. Two Sigma Advisers LP now owns 694,149 shares of the semiconductor company’s stock worth $10,051,000 after buying an additional 124,300 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of MaxLinear by 339.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company’s stock worth $24,740,000 after buying an additional 966,468 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of MaxLinear by 44.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company’s stock worth $13,550,000 after buying an additional 288,607 shares during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.

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.