Analysts Set MaxLinear, Inc. (NASDAQ:MXL) PT at $22.29

MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $23.14.

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company initiated coverage on MaxLinear in a report on Friday, November 22nd. They issued an "equal weight" rating and a $14.00 price objective for the company. Craig Hallum reduced their price target on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Benchmark boosted their price objective on shares of MaxLinear from $22.00 to $28.00 and gave the stock a "buy" rating in a report on Monday. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a report on Thursday, October 24th. Finally, Susquehanna cut shares of MaxLinear from a "positive" rating to a "neutral" rating and decreased their target price for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st.

MaxLinear Price Performance

Shares of NASDAQ MXL traded up $0.17 during midday trading on Monday, hitting $19.43. 1,318,515 shares of the company's stock were exchanged, compared to its average volume of 1,027,687. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The business's fifty day moving average price is $14.80 and its two-hundred day moving average price is $16.03. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -7.08 and a beta of 1.87. MaxLinear has a 12-month low of $11.08 and a 12-month high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.04). MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. The company had revenue of $81.10 million during the quarter, compared to the consensus estimate of $80.40 million. During the same period in the previous year, the company earned ($0.02) EPS. MaxLinear's quarterly revenue was down 40.2% on a year-over-year basis. As a group, research analysts forecast that MaxLinear will post -1.66 EPS for the current fiscal year.

Insider Buying and Selling at MaxLinear

In related news, insider Connie H. Kwong sold 5,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total value of $93,050.00. Following the completion of the sale, the insider now owns 49,147 shares of the company's stock, valued at $914,625.67. This trade represents a 9.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 completion of the sale, the director now owns 69,717 shares in the company, valued at approximately $1,070,853.12. This trade represents a 7.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,900 shares of company stock valued at $276,078 in the last quarter. Company insiders own 8.60% of the company's stock.

Institutional Trading of MaxLinear

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC bought a new position in shares of MaxLinear in the 2nd quarter worth approximately $30,000. International Assets Investment Management LLC purchased a new position in MaxLinear during the second quarter valued at $31,000. Canada Pension Plan Investment Board purchased a new position in MaxLinear during the second quarter valued at $56,000. Truvestments Capital LLC purchased a new stake in shares of MaxLinear in the 3rd quarter worth about $42,000. Finally, GAMMA Investing LLC boosted its stake in MaxLinear by 151.8% during the third quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 2,093 shares in the last quarter. 90.79% of the stock is currently owned by hedge funds and other 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.