Needham & Company LLC Reiterates Hold Rating for MaxLinear (NASDAQ:MXL)

Needham & Company LLC reiterated their hold rating on shares of MaxLinear (NASDAQ:MXL - Free Report) in a report released on Thursday,Benzinga reports.

A number of other equities analysts also recently issued reports on the company. Northland Securities raised their price target on MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Craig Hallum dropped their target price on MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Susquehanna upped their price target on shares of MaxLinear from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on shares of MaxLinear from $14.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Finally, Benchmark lifted their price target on shares of MaxLinear from $22.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.50.

MaxLinear Stock Down 0.6 %

Shares of MXL stock traded down $0.10 during mid-day trading on Thursday, hitting $17.76. The company's stock had a trading volume of 1,501,294 shares, compared to its average volume of 2,258,414. MaxLinear has a 52-week low of $11.08 and a 52-week high of $26.59. The business has a 50-day moving average price of $19.85 and a 200 day moving average price of $16.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -6.08 and a beta of 1.77.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. Research analysts predict that MaxLinear will post -0.21 EPS for the current fiscal year.

Insider Transactions at MaxLinear

In other news, VP William Torgerson sold 6,100 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $15.40, for a total value 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. The trade was a 3.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven G. Litchfield sold 32,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.35, for a total value of $651,200.00. Following the sale, the insider now directly owns 365,868 shares in the company, valued at $7,445,413.80. The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,900 shares of company stock valued at $927,278 over the last 90 days. Company insiders own 8.60% of the company's stock.

Institutional Trading of MaxLinear

A number of institutional investors have recently bought and sold shares of the stock. Sei Investments Co. lifted its holdings in shares of MaxLinear by 40.5% in the 2nd quarter. Sei Investments Co. now owns 30,537 shares of the semiconductor company's stock worth $615,000 after acquiring an additional 8,808 shares during the last quarter. Bank of Montreal Can purchased a new stake in MaxLinear in the 2nd quarter worth about $1,480,000. Marshall Wace LLP lifted its stake in MaxLinear by 58.4% in the second quarter. Marshall Wace LLP now owns 193,883 shares of the semiconductor company's stock worth $3,905,000 after purchasing an additional 71,512 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of MaxLinear during the second quarter valued at approximately $870,000. Finally, Millennium Management LLC grew its stake in shares of MaxLinear by 307.9% during the second quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company's stock valued at $21,039,000 after buying an additional 788,558 shares during the last quarter. 90.79% of the stock is currently owned by 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.