MaxLinear (NASDAQ:MXL) Stock Price Down 5.9% – Here’s What Happened

MaxLinear, Inc (NASDAQ:MXL) shares were down 5.9% on Friday . The company traded as low as $15.74 and last traded at $15.77. Approximately 445,101 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 1,610,199 shares. The stock had previously closed at $16.76.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MXL shares. Wall Street Zen lowered shares of MaxLinear from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Benchmark lifted their price target on shares of MaxLinear from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Stifel Nicolaus raised their target price on shares of MaxLinear from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Loop Capital reissued a “hold” rating and issued a $15.00 target price (up previously from $10.00) on shares of MaxLinear in a research note on Monday, August 4th. Finally, Susquehanna raised their target price on shares of MaxLinear from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, MaxLinear presently has a consensus rating of “Hold” and an average price target of $19.31.

MaxLinear Stock Performance

The stock’s 50 day moving average price is $15.32 and its 200 day moving average price is $13.26. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.37 billion, a PE ratio of -6.36 and a beta of 1.69.

MaxLinear (NASDAQ:MXL) last issued its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. MaxLinear had a negative net margin of 55.53% and a negative return on equity of 18.16%. The business had revenue of $108.81 million for the quarter, compared to the consensus estimate of $104.94 million. During the same quarter last year, the firm posted ($0.25) EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. MaxLinear has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that MaxLinear, Inc will post -0.37 earnings per share for the current fiscal year.

Insider Transactions at MaxLinear

In related news, insider Steven G. Litchfield sold 102,157 shares of MaxLinear stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $17.28, for a total transaction of $1,765,272.96. Following the sale, the insider owned 312,203 shares of the company’s stock, valued at $5,394,867.84. The trade was a 24.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On MaxLinear

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MXL. Farther Finance Advisors LLC purchased a new stake in MaxLinear during the 2nd quarter worth $44,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in MaxLinear during the 1st quarter worth $49,000. PNC Financial Services Group Inc. increased its stake in MaxLinear by 104.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the semiconductor company’s stock worth $51,000 after buying an additional 1,828 shares during the period. Raymond James Financial Inc. purchased a new stake in MaxLinear during the 2nd quarter worth $51,000. Finally, Strs Ohio purchased a new stake in MaxLinear during the 1st quarter worth $63,000. Hedge funds and other 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.