MaxLinear, Inc. (NASDAQ:MXL) Receives Average Rating of "Moderate Buy" from Analysts

Shares of MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $25.50.

MXL has been the topic of a number of analyst reports. Northland Securities increased their target price on shares of MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Susquehanna lowered their price objective on MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday. Craig Hallum cut their target price on MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company raised their price target on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research note on Thursday.

Insiders Place Their Bets

In related news, insider Steven G. Litchfield sold 32,000 shares of MaxLinear stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.35, for a total transaction of $651,200.00. Following the completion of the transaction, the insider now owns 365,868 shares of the company's stock, valued at $7,445,413.80. This trade represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William Torgerson sold 6,100 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $15.40, for a total transaction of $93,940.00. Following the sale, the vice president now directly owns 179,262 shares in the company, valued at $2,760,634.80. This trade represents a 3.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,900 shares of company stock valued at $927,278 in the last ninety days. 8.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MaxLinear

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in MaxLinear by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 374,722 shares of the semiconductor company's stock worth $7,412,000 after acquiring an additional 12,838 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of MaxLinear by 2.9% in the 4th quarter. Rhumbline Advisers now owns 225,145 shares of the semiconductor company's stock worth $4,453,000 after purchasing an additional 6,385 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in MaxLinear by 10.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company's stock valued at $25,098,000 after purchasing an additional 115,867 shares during the period. R Squared Ltd bought a new stake in MaxLinear during the 4th quarter valued at $45,000. Finally, Pacer Advisors Inc. raised 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. 90.79% of the stock is owned by institutional investors and hedge funds.

MaxLinear Stock Performance

Shares of NASDAQ:MXL traded up $0.39 during trading on Tuesday, reaching $17.86. 3,006,935 shares of the stock were exchanged, compared to its average volume of 2,221,953. The firm has a market cap of $1.51 billion, a PE ratio of -6.12 and a beta of 1.79. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. MaxLinear has a 12 month low of $11.08 and a 12 month high of $26.59. The stock has a 50-day moving average price of $19.80 and a 200-day moving average price of $16.44.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its 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 return on equity of 21.15% and a negative net margin of 68.01%. Research analysts expect that MaxLinear will post -0.21 EPS for the current fiscal year.

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.