Benchmark Lowers MaxLinear (NASDAQ:MXL) Price Target to $20.00

MaxLinear (NASDAQ:MXL - Get Free Report) had its target price lowered by equities research analysts at Benchmark from $28.00 to $20.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Benchmark's price target would suggest a potential upside of 95.69% from the stock's previous close.

Several other equities research analysts have also recently weighed in on the company. Northland Securities boosted their price objective on MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Susquehanna lowered their price target on MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Finally, 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.36.

MaxLinear Stock Performance

NASDAQ MXL traded up $0.07 on Tuesday, reaching $10.22. 880,122 shares of the stock were exchanged, compared to its average volume of 1,379,072. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. MaxLinear has a one year low of $8.35 and a one year high of $26.59. The firm has a market capitalization of $864.96 million, a PE ratio of -3.49 and a beta of 1.82. The company's 50-day simple moving average is $12.84 and its two-hundred day simple moving average is $15.86.

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

Institutional Investors Weigh In On MaxLinear

Institutional investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd acquired a new stake in MaxLinear in the fourth quarter valued at approximately $34,000. Pacer Advisors Inc. raised its position in shares of MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 443 shares during the last quarter. R Squared Ltd purchased a new position in shares of MaxLinear in the fourth quarter valued at approximately $45,000. Wealthfront Advisers LLC purchased a new position in MaxLinear in the 4th quarter valued at $45,000. Finally, Larson Financial Group LLC lifted its stake in shares of MaxLinear by 3,092.0% in the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock worth $56,000 after buying an additional 2,721 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

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.