MaxLinear (NASDAQ:MXL) Trading Up 5% - Time to Buy?

MaxLinear, Inc. (NASDAQ:MXL - Get Free Report)'s share price rose 5% during trading on Tuesday . The company traded as high as $11.41 and last traded at $11.40. Approximately 608,508 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 1,347,313 shares. The stock had previously closed at $10.86.

Analysts Set New Price Targets

Several analysts have recently weighed in on MXL shares. Benchmark restated a "buy" rating and set a $28.00 price objective on shares of MaxLinear in a research report on Thursday, January 30th. Susquehanna dropped their price target on MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Northland Securities raised their price objective on MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a research report on Monday, January 6th. Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Finally, Wells Fargo & Company lifted their price objective on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. One 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 data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $25.50.

MaxLinear Stock Performance

The firm's 50-day simple moving average is $14.68 and its two-hundred day simple moving average is $16.22. 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 company has a market cap of $787.94 million, a PE ratio of -3.18 and a beta of 1.76.

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 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 anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in MaxLinear by 18.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 915,415 shares of the semiconductor company's stock valued at $13,255,000 after buying an additional 145,695 shares during the period. FMR LLC grew its stake in shares of MaxLinear by 184.5% during the third quarter. FMR LLC now owns 456,929 shares of the semiconductor company's stock worth $6,616,000 after purchasing an additional 296,339 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of MaxLinear by 12.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,046 shares of the semiconductor company's stock valued at $334,000 after acquiring an additional 2,618 shares during the last quarter. Captrust Financial Advisors purchased a new position in MaxLinear in the third quarter valued at approximately $159,000. Finally, Verition Fund Management LLC grew its position in shares of MaxLinear by 424.5% in the 3rd quarter. Verition Fund Management LLC now owns 90,046 shares of the semiconductor company's stock valued at $1,304,000 after buying an additional 72,877 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

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.