MaxLinear (NASDAQ:MXL) Stock Rating Upgraded by Needham & Company LLC

MaxLinear (NASDAQ:MXL) was upgraded by investment analysts at Needham & Company LLC from a “hold” rating to a “buy” rating in a research note issued on Friday,Benzinga reports.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of MaxLinear in a report on Tuesday. Susquehanna reiterated a “neutral” rating and set a $30.00 target price on shares of MaxLinear in a report on Monday. Stifel Nicolaus set a $34.00 target price on MaxLinear in a report on Tuesday. Wells Fargo & Company increased their target price on MaxLinear from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Finally, Benchmark increased their target price on MaxLinear from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, January 16th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, MaxLinear presently has a consensus rating of “Hold” and a consensus target price of $25.33.

MaxLinear Price Performance

Shares of NASDAQ:MXL opened at $34.25 on Friday. The business’s fifty day moving average price is $19.48 and its two-hundred day moving average price is $17.89. The stock has a market cap of $2.96 billion, a PE ratio of -21.68 and a beta of 1.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.34. MaxLinear has a one year low of $9.07 and a one year high of $37.37.

MaxLinear (NASDAQ:MXL) last announced its earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $137.19 million for the quarter, compared to analysts’ expectations of $137.15 million. MaxLinear had a negative return on equity of 6.95% and a negative net margin of 29.23%.MaxLinear’s quarterly revenue was up 43.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) EPS. On average, analysts forecast that MaxLinear will post -0.17 EPS for the current fiscal year.

Insider Activity

In other news, insider Steven G. Litchfield sold 20,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $15.68, for a total transaction of $313,600.00. Following the sale, the insider owned 343,435 shares in the company, valued at $5,385,060.80. This trade represents a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 44,929 shares of company stock worth $746,456 in the last 90 days. 7.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On MaxLinear

Several hedge funds have recently made changes to their positions in MXL. Invesco Ltd. boosted its holdings in shares of MaxLinear by 419.9% during the fourth quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock worth $37,467,000 after purchasing an additional 1,736,141 shares during the last quarter. AIGH Capital Management LLC acquired a new stake in shares of MaxLinear during the third quarter worth $17,809,000. Paradigm Capital Management Inc. NY boosted its holdings in shares of MaxLinear by 582.7% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 861,000 shares of the semiconductor company’s stock worth $15,007,000 after purchasing an additional 734,875 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of MaxLinear by 27.8% during the second quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock worth $41,054,000 after purchasing an additional 628,719 shares during the last quarter. Finally, Defiance ETFs LLC acquired a new stake in shares of MaxLinear during the fourth quarter worth $10,944,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

Key Headlines Impacting MaxLinear

Here are the key news stories impacting MaxLinear this week:

• Positive Sentiment: Q1 results beat expectations: MXL reported $0.22 EPS vs. a $0.18 consensus and revenue of $137.2M (+43% YoY), which beat estimates and showed material top‑line momentum. Business Wire: Q1 Results
• Positive Sentiment: Strong Q2 revenue guidance: Management guided Q2 revenue to roughly $160M–$170M vs. a ~ $137.5M consensus, citing AI and data‑center demand — the principal catalyst for the intraday rally. Benzinga: Premarket Move
• Positive Sentiment: Earnings call tone: Management emphasized data‑center opportunities and margin recovery plans on the call and in the slide deck, reinforcing the upbeat guidance. Seeking Alpha: Call Transcript
• Neutral Sentiment: Liquidity & financing: Company amended its senior secured revolving credit facility (Wells Fargo) — supports operations but not an immediate profit signal. TipRanks: Data Center Wave & Financing
• Negative Sentiment: Profitability & cash remain pressured: despite revenue growth, MXL still reported operating and net losses, negative margins and a decline in cash balances, which leaves execution and margin recovery as key risks. Quiver Quant: Financial Details
• Negative Sentiment: Analyst coverage and price targets are mixed: consensus broker rating remains largely a “Hold” and median price targets sit below recent levels, so upgrades/changes will be needed to sustain a higher valuation. American Banking News: Analyst Ratings

About MaxLinear

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.