MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.21 and traded as high as $17.43. MaxLinear shares last traded at $17.03, with a volume of 985,608 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Northland Securities increased their price objective on MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a research note on Monday, January 6th. Susquehanna decreased 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, January 30th. Benchmark reaffirmed a "buy" rating and set a $28.00 price objective on shares of MaxLinear in a research note on Thursday, January 30th. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Wells Fargo & Company increased their target price on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, MaxLinear currently has an average rating of "Hold" and an average target price of $25.50.
Check Out Our Latest Analysis on MaxLinear
MaxLinear Price Performance
The company has a 50-day moving average of $19.71 and a two-hundred day moving average of $16.26. The stock has a market capitalization of $1.40 billion, a PE ratio of -5.67 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 (NASDAQ:MXL - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts predict that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.
Insider Transactions at MaxLinear
In related news, insider Connie H. Kwong sold 5,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total transaction of $93,050.00. Following the sale, the insider now directly owns 49,147 shares in the company, valued at approximately $914,625.67. This trade represents a 9.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven G. Litchfield sold 32,000 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.35, for a total value of $651,200.00. Following the sale, the insider now owns 365,868 shares in the company, valued at approximately $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. Company insiders own 8.60% of the company's stock.
Institutional Investors Weigh In On MaxLinear
Several hedge funds have recently modified their holdings of the stock. CWM LLC grew its stake in MaxLinear by 321.3% during the 3rd 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 in the last quarter. International Assets Investment Management LLC grew its stake in MaxLinear by 1,348.0% during the 3rd quarter. International Assets Investment Management LLC now owns 22,632 shares of the semiconductor company's stock valued at $328,000 after purchasing an additional 21,069 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in MaxLinear by 2.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 284,301 shares of the semiconductor company's stock valued at $4,117,000 after purchasing an additional 5,705 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in MaxLinear by 20.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,761 shares of the semiconductor company's stock valued at $112,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in MaxLinear during the 3rd quarter valued at approximately $221,000. 90.79% of the stock is currently owned by hedge funds and other institutional investors.
About MaxLinear
(
Get Free Report)
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.
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