MaxLinear (NASDAQ:MXL) Trading 5% Higher – Still a Buy?

MaxLinear, Inc. (NASDAQ:MXL) rose 5% during mid-day trading on Tuesday . The stock 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.

Wall Street Analyst Weigh In

MXL has been the topic of a number of recent research reports. Northland Securities boosted their price objective on MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Susquehanna decreased their price target on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Benchmark reiterated a “buy” rating and set a $28.00 price objective on shares of MaxLinear in a research note on Thursday, January 30th. Finally, Wells Fargo & Company upped their target price on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.50.

MaxLinear Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. The business’s 50-day moving average price is $15.74 and its two-hundred day moving average price is $16.34. The firm has a market cap of $986.41 million, a price-to-earnings ratio of -3.97 and a beta of 1.76.

MaxLinear (NASDAQ:MXL) last posted 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 21.94%. On average, research analysts forecast that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 443 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of MaxLinear by 1.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 60,406 shares of the semiconductor company’s stock worth $1,195,000 after purchasing an additional 631 shares during the period. GAMMA Investing LLC lifted its position in shares of MaxLinear by 19.1% in the 4th quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock worth $82,000 after buying an additional 662 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of MaxLinear in the 4th quarter valued at about $34,000. Finally, PNC Financial Services Group Inc. grew its position in shares of MaxLinear by 95.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

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.