MaxLinear (NASDAQ:MXL) Stock Price Up 4.5% - What's Next?

MaxLinear, Inc. (NASDAQ:MXL - Get Free Report) shares traded up 4.5% during trading on Tuesday . The company traded as high as $10.46 and last traded at $10.35. 328,486 shares changed hands during trading, a decline of 76% from the average session volume of 1,368,348 shares. The stock had previously closed at $9.90.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Northland Securities upped 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. Wells Fargo & Company upped their price target on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Stifel Nicolaus cut their price objective on MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a report on Thursday. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Finally, Benchmark cut their price target on shares of MaxLinear from $28.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, MaxLinear presently has an average rating of "Hold" and a consensus target price of $22.36.

MaxLinear Trading Up 0.7 %

The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The stock has a market cap of $864.96 million, a P/E ratio of -3.49 and a beta of 1.82. The business's fifty day simple moving average is $12.71 and its 200 day simple moving average is $15.86.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly 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 net margin of 68.01% and a negative return on equity of 21.94%. As a group, analysts expect that MaxLinear, Inc. will post -0.37 EPS for the current year.

Institutional Investors Weigh In On MaxLinear

Institutional investors and hedge funds have recently made changes to their positions in the company. Weybosset Research & Management LLC grew its holdings in MaxLinear by 134.0% during the 1st quarter. Weybosset Research & Management LLC now owns 216,971 shares of the semiconductor company's stock worth $2,356,000 after acquiring an additional 124,240 shares during the period. GAMMA Investing LLC grew its stake in shares of MaxLinear by 889.1% during the first quarter. GAMMA Investing LLC now owns 40,888 shares of the semiconductor company's stock worth $444,000 after purchasing an additional 36,754 shares during the period. Wellington Management Group LLP bought a new stake in MaxLinear in the fourth quarter valued at about $3,709,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MaxLinear by 5.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,210 shares of the semiconductor company's stock valued at $2,912,000 after buying an additional 7,711 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in MaxLinear by 29.2% in the fourth quarter. Two Sigma Advisers LP now owns 896,549 shares of the semiconductor company's stock valued at $17,734,000 after buying an additional 202,400 shares during the period. Institutional investors own 90.79% of the company's stock.

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.