MaxLinear, Inc (NASDAQ:MXL) Stock Has Average Price Target of $88.64

MaxLinear, Inc (NASDAQ:MXL) has received a consensus rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $88.91.

MXL has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of MaxLinear from $95.00 to $78.00 and set an “equal weight” rating for the company in a research note on Tuesday. Needham & Company LLC increased their price objective on shares of MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Wall Street Zen upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a research note on Sunday, July 26th. Morgan Stanley set a $125.00 target price on shares of MaxLinear in a report on Monday, September 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a research report on Thursday, October 15th.

Insider Activity at MaxLinear

In other news, CEO Kishore Seendripu sold 351,454 shares of MaxLinear stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $85.95, for a total transaction of $30,207,471.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.70% of the stock is owned by insiders.

Institutional Trading of MaxLinear

A number of hedge funds have recently added to or reduced their stakes in MXL. Nisa Investment Advisors LLC grew its position in MaxLinear by 8.1% during the third quarter. Nisa Investment Advisors LLC now owns 4,554 shares of the semiconductor company’s stock valued at $411,000 after buying an additional 341 shares during the period. Revisor Wealth Management LLC increased its holdings in MaxLinear by 21.7% in the third quarter. Revisor Wealth Management LLC now owns 4,760 shares of the semiconductor company’s stock valued at $430,000 after buying an additional 848 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of MaxLinear by 20.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,007 shares of the semiconductor company’s stock worth $362,000 after acquiring an additional 674 shares during the period. Abel Hall LLC raised its position in shares of MaxLinear by 8.4% in the third quarter. Abel Hall LLC now owns 3,958 shares of the semiconductor company’s stock worth $357,000 after acquiring an additional 308 shares during the period. Finally, IFP Advisors Inc raised its position in shares of MaxLinear by 75.0% in the third quarter. IFP Advisors Inc now owns 3,310 shares of the semiconductor company’s stock worth $299,000 after acquiring an additional 1,419 shares during the period. 90.79% of the stock is owned by hedge funds and other institutional investors.

MaxLinear Stock Performance

Shares of MXL stock opened at $75.79 on Thursday. The business’s fifty day simple moving average is $77.78 and its 200-day simple moving average is $75.70. The company has a market cap of $6.87 billion, a PE ratio of 816.78 and a beta of 3.93. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. MaxLinear has a 12-month low of $12.77 and a 12-month high of $128.30.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Thursday, July 23rd. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. MaxLinear had a negative net margin of 18.24% and a positive return on equity of 2.24%. The firm had revenue of $168.85 million during the quarter, compared to analyst estimates of $164.64 million. During the same period last year, the firm posted $0.02 EPS. MaxLinear’s revenue was up 55.2% on a year-over-year basis. Analysts expect that MaxLinear will post 0.78 earnings per share for the current fiscal year.

MaxLinear Company Profile

MaxLinear, Inc is a fabless semiconductor company that designs, develops and sells integrated circuits and related solutions for broadband communications, wired and wireless infrastructure, data centers, industrial applications and consumer electronics. Its products are used by equipment manufacturers and service providers to support the transmission, processing and management of voice, video and data.

The company’s portfolio includes broadband access system-on-chip products, Ethernet transceivers and controllers, high-speed interconnect and communications devices, radio-frequency and analog products, optical and copper connectivity solutions, and power-management components.