MaxLinear (NASDAQ:MXL) Reaches New 12-Month Low - Should You Sell?

MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $10.18 and last traded at $10.21, with a volume of 2414346 shares changing hands. The stock had previously closed at $12.19.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Susquehanna dropped their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Benchmark reissued a "buy" rating and set a $28.00 target price on shares of MaxLinear in a report on Thursday, January 30th. Wells Fargo & Company raised their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Finally, Northland Securities boosted their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $25.50.

MaxLinear Stock Up 3.2 %

The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The stock's 50-day simple moving average is $14.49 and its 200 day simple moving average is $16.21. The firm has a market cap of $827.30 million, a P/E ratio of -3.31 and a beta of 1.82.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) 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%. As a group, research analysts forecast that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of MaxLinear by 18.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 915,415 shares of the semiconductor company's stock valued at $13,255,000 after purchasing an additional 145,695 shares during the period. FMR LLC increased its position in MaxLinear by 184.5% in the 3rd quarter. FMR LLC now owns 456,929 shares of the semiconductor company's stock valued at $6,616,000 after buying an additional 296,339 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in MaxLinear by 12.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,046 shares of the semiconductor company's stock worth $334,000 after buying an additional 2,618 shares during the period. Captrust Financial Advisors bought a new position in MaxLinear in the third quarter worth approximately $159,000. Finally, HighTower Advisors LLC grew its stake in MaxLinear by 1.3% in the third quarter. HighTower Advisors LLC now owns 683,340 shares of the semiconductor company's stock valued at $9,898,000 after acquiring an additional 9,042 shares during the period. 90.79% of the stock is owned by institutional investors.

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.