Brokerages Set MaxLinear, Inc. (NYSE:MXL) Target Price at $26.09

Shares of MaxLinear, Inc. (NYSE:MXL) have been given an average recommendation of “Hold” by the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $26.09.

A number of research firms have recently weighed in on MXL. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of MaxLinear in a research report on Thursday, April 25th. StockNews.com lowered MaxLinear from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Wells Fargo & Company lowered MaxLinear from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Benchmark reaffirmed a “buy” rating and set a $28.00 price objective on shares of MaxLinear in a research report on Thursday, April 25th. Finally, Northland Securities upgraded shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Thursday, April 4th.

Institutional Investors Weigh In On MaxLinear

Several hedge funds have recently made changes to their positions in MXL. CWM LLC raised its holdings in MaxLinear by 712.8% during the third quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 2,010 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in MaxLinear by 27.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 862 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in MaxLinear by 289.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company’s stock worth $97,000 after purchasing an additional 3,020 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in MaxLinear by 8.4% during 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 increased its holdings in MaxLinear by 39.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,320 shares of the semiconductor company’s stock valued at $185,000 after buying an additional 2,355 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Stock Down 1.8 %

Shares of NYSE MXL opened at $20.79 on Friday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -11.00 and a beta of 1.98. The company has a quick ratio of 1.56, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. MaxLinear has a 52-week low of $13.43 and a 52-week high of $35.09. The business’s 50 day moving average is $19.99 and its two-hundred day moving average is $19.90.

MaxLinear (NYSE:MXL) last announced its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.02. The company had revenue of $95.27 million for the quarter, compared to analyst estimates of $94.99 million. MaxLinear had a negative return on equity of 4.75% and a negative net margin of 28.70%. Research analysts predict that MaxLinear will post -0.8 EPS for the current year.

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.