MaxLinear's (MXL) "Buy" Rating Reaffirmed at Benchmark

MaxLinear (NASDAQ:MXL - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Benchmark in a report issued on Thursday,Benzinga reports. They presently have a $28.00 target price on the semiconductor company's stock. Benchmark's target price suggests a potential upside of 57.13% from the stock's current price.

A number of other brokerages also recently weighed in on MXL. Northland Securities lifted 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. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research note on Thursday. Susquehanna dropped their target price on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday. Wells Fargo & Company raised their price target on shares of MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Craig Hallum decreased their price target on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $25.50.

MaxLinear Trading Down 0.2 %

NASDAQ MXL traded down $0.04 on Thursday, reaching $17.82. The company had a trading volume of 3,605,634 shares, compared to its average volume of 2,353,098. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -6.08 and a beta of 1.77. 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 business has a 50 day moving average of $19.85 and a two-hundred day moving average of $16.27.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the consensus estimate 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 forecast that MaxLinear will post -0.21 EPS for the current year.

Insider Activity

In other MaxLinear news, Director Ted L. Tewksbury III sold 5,800 shares of MaxLinear stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $15.36, for a total transaction of $89,088.00. Following the transaction, the director now directly owns 69,717 shares of the company's stock, valued at $1,070,853.12. The trade was a 7.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William Torgerson sold 6,100 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $15.40, for a total transaction of $93,940.00. Following the completion of the sale, the vice president now owns 179,262 shares of the company's stock, valued at approximately $2,760,634.80. This represents a 3.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,900 shares of company stock worth $927,278 over the last three months. 8.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MaxLinear

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. increased its holdings in MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after buying an additional 443 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of MaxLinear during the 3rd quarter valued at approximately $42,000. R Squared Ltd purchased a new stake in shares of MaxLinear during the 4th quarter worth approximately $45,000. GAMMA Investing LLC raised its holdings in shares of MaxLinear by 151.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 2,093 shares during the period. Finally, CWM LLC lifted its stake in MaxLinear by 321.3% in the third quarter. CWM LLC now owns 5,793 shares of the semiconductor company's stock valued at $84,000 after purchasing an additional 4,418 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company's stock.

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.