MaxLinear (NASDAQ:MXL) Price Target Raised to $27.50

MaxLinear (NASDAQ:MXL - Free Report) had its price objective raised by Northland Securities from $25.00 to $27.50 in a research note published on Monday,Benzinga reports. Northland Securities currently has an outperform rating on the semiconductor company's stock.

MXL has been the topic of a number of other reports. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research note on Thursday, October 24th. Wells Fargo & Company began coverage on MaxLinear in a research report on Friday, November 22nd. They issued an "equal weight" rating and a $14.00 price target on the stock. Craig Hallum cut their price objective on MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Benchmark increased their target price on MaxLinear from $22.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, Susquehanna downgraded MaxLinear from a "positive" rating to a "neutral" rating and dropped their price target for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $23.50.

MaxLinear Stock Down 0.7 %

Shares of NASDAQ MXL traded down $0.14 during trading hours on Monday, hitting $20.47. The stock had a trading volume of 1,572,895 shares, compared to its average volume of 1,035,791. The firm's 50-day moving average price is $17.22 and its two-hundred day moving average price is $16.31. MaxLinear has a 52 week low of $11.08 and a 52 week high of $26.59. The company has a market capitalization of $1.73 billion, a P/E ratio of -7.53 and a beta of 1.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.95.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. The business had revenue of $81.10 million during the quarter, compared to the consensus estimate of $80.40 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. The business's revenue was down 40.2% on a year-over-year basis. Analysts anticipate that MaxLinear will post -1.66 EPS for the current fiscal year.

Insider Buying and Selling at MaxLinear

In related news, insider Steven G. Litchfield sold 32,000 shares of the company'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 of the company's stock, valued at $7,445,413.80. The trade was a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ted L. Tewksbury III sold 5,800 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.36, for a total transaction of $89,088.00. Following the transaction, the director now owns 69,717 shares of the company's stock, valued at approximately $1,070,853.12. This represents a 7.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,900 shares of company stock valued at $927,278 in the last quarter. Corporate insiders own 8.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MXL. Truvestments Capital LLC acquired a new stake in shares of MaxLinear during the third quarter worth approximately $42,000. GAMMA Investing LLC increased its holdings in MaxLinear by 151.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 2,093 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in MaxLinear during the 2nd quarter valued at $56,000. CWM LLC raised its position in MaxLinear by 321.3% in 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 during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in MaxLinear by 20.3% in the third quarter. Nisa Investment Advisors LLC now owns 7,761 shares of the semiconductor company's stock worth $112,000 after purchasing an additional 1,308 shares in 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.