MaxLinear (NASDAQ:MXL) Trading Down 15.8% - Should You Sell?

MaxLinear, Inc. (NASDAQ:MXL - Get Free Report)'s stock price fell 15.8% on Monday . The stock traded as low as $19.63 and last traded at $19.52. 1,523,155 shares traded hands during trading, a decline of 3% from the average session volume of 1,569,289 shares. The stock had previously closed at $23.17.

Analysts Set New Price Targets

A number of research analysts have weighed in on MXL shares. Benchmark reiterated a "buy" rating and issued a $28.00 price objective on shares of MaxLinear in a research report on Thursday. Northland Securities raised their price objective on MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a report on Monday, January 6th. Craig Hallum reduced their target price on MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a research note on Thursday. Finally, Wells Fargo & Company upped their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $25.50.

MaxLinear Price Performance

The stock's fifty day moving average price is $19.85 and its 200-day moving average price is $16.27. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38. The firm has a market cap of $1.51 billion, a PE ratio of -6.10 and a beta of 1.79.

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 net margin of 68.01% and a negative return on equity of 21.15%. As a group, equities analysts expect that MaxLinear, Inc. will post -0.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP William Torgerson sold 6,100 shares of MaxLinear stock in a transaction that occurred 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 owns 179,262 shares of the company's stock, valued at approximately $2,760,634.80. The trade was a 3.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Connie H. Kwong sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 49,147 shares of the company's stock, valued at $914,625.67. The trade was a 9.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,900 shares of company stock valued at $927,278. Insiders own 8.60% of the company's stock.

Institutional Trading of MaxLinear

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its position in shares of 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 period. Truvestments Capital LLC purchased a new position in shares of MaxLinear in the third quarter valued at approximately $42,000. R Squared Ltd acquired a new position in shares of MaxLinear in the fourth quarter valued at approximately $45,000. GAMMA Investing LLC increased its stake in MaxLinear by 151.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company's stock worth $50,000 after buying an additional 2,093 shares during the period. Finally, CWM LLC increased its position in shares of MaxLinear by 321.3% during the third quarter. CWM LLC now owns 5,793 shares of the semiconductor company's stock worth $84,000 after acquiring an additional 4,418 shares during the period. 90.79% of the stock is currently owned by hedge funds and other 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.