MaxLinear, Inc. (NASDAQ:MXL - Get Free Report)'s stock price traded down 5.4% on Thursday . The company traded as low as $17.93 and last traded at $17.82. 57,072 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 2,265,686 shares. The stock had previously closed at $18.84.
Analysts Set New Price Targets
MXL has been the topic of several recent analyst reports. Susquehanna reduced their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Benchmark restated a "buy" rating and issued a $28.00 price objective on shares of MaxLinear in a research report on Thursday, January 30th. Wells Fargo & Company boosted their target price on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Craig Hallum dropped their price target on MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, Northland Securities increased their target price on MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, MaxLinear has a consensus rating of "Hold" and an average target price of $25.50.
Get Our Latest Stock Report on MXL
MaxLinear Price Performance
The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -5.66 and a beta of 1.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The company has a 50-day simple moving average of $20.14 and a two-hundred day simple moving average of $16.06.
MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings results 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 21.94%. As a group, equities research analysts forecast that MaxLinear, Inc. will post -0.37 EPS for the current year.
Insider Activity at MaxLinear
In other news, insider Steven G. Litchfield sold 32,000 shares of the business'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 completion of the sale, the insider now owns 365,868 shares of the company's stock, valued at approximately $7,445,413.80. The trade was a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ted L. Tewksbury III sold 5,800 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.36, for a total transaction of $89,088.00. Following the completion of the sale, the director now directly owns 69,717 shares of the company's stock, valued at $1,070,853.12. This represents a 7.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,800 shares of company stock worth $833,338. Company insiders own 8.60% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of MXL. Royce & Associates LP boosted its position in shares of MaxLinear by 322.2% during the 4th quarter. Royce & Associates LP now owns 71,930 shares of the semiconductor company's stock worth $1,423,000 after purchasing an additional 54,893 shares in the last quarter. Natixis Advisors LLC boosted its holdings in MaxLinear by 11.5% in the 4th quarter. Natixis Advisors LLC now owns 253,764 shares of the semiconductor company's stock valued at $5,019,000 after purchasing an additional 26,271 shares during the period. Swiss National Bank grew its stake in MaxLinear by 1.6% in the 4th quarter. Swiss National Bank now owns 156,773 shares of the semiconductor company's stock worth $3,101,000 after buying an additional 2,500 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of MaxLinear during the 4th quarter valued at about $45,000. Finally, AlphaQuest LLC raised its stake in shares of MaxLinear by 13,836.7% during the fourth quarter. AlphaQuest LLC now owns 4,181 shares of the semiconductor company's stock worth $83,000 after acquiring an additional 4,151 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.
About MaxLinear
(
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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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