MaxLinear (NASDAQ:MXL) Price Target Raised to $25.00 at Susquehanna

MaxLinear (NASDAQ:MXL) had its target price upped by Susquehanna from $20.00 to $25.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other research firms have also weighed in on MXL. Wells Fargo & Company upped their target price on MaxLinear from $14.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday, October 24th. Northland Securities lifted their target price on MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research note on Monday, January 6th. Craig Hallum decreased their price target on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Benchmark lifted their price objective on shares of MaxLinear from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.64.

MaxLinear Trading Down 3.5 %

Shares of NASDAQ MXL opened at $23.17 on Wednesday. MaxLinear has a twelve month low of $11.08 and a twelve month high of $26.59. The firm has a market cap of $1.95 billion, a PE ratio of -8.52 and a beta of 1.79. The business has a fifty day simple moving average of $19.41 and a two-hundred day simple moving average of $16.51. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22.

MaxLinear (NASDAQ:MXL) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share (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 for the quarter, compared to the consensus estimate of $80.40 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. The firm’s revenue was down 40.2% on a year-over-year basis. Analysts expect that MaxLinear will post -1.66 earnings per share for the current fiscal year.

Insider Transactions at MaxLinear

In other news, insider Steven G. Litchfield sold 32,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.35, for a total value of $651,200.00. Following the transaction, the insider now directly owns 365,868 shares of the company’s stock, valued at approximately $7,445,413.80. This represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Connie H. Kwong sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total transaction of $93,050.00. Following the completion of the transaction, the insider now owns 49,147 shares in the company, valued at approximately $914,625.67. This trade represents a 9.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,900 shares of company stock worth $927,278. Insiders own 8.60% of the company’s stock.

Institutional Trading of MaxLinear

Several hedge funds and other institutional investors have recently bought and sold shares of MXL. Pacer Advisors Inc. lifted its stake in shares of MaxLinear by 29.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 443 shares during the period. Truvestments Capital LLC acquired a new position in shares of MaxLinear in the third quarter worth about $42,000. R Squared Ltd purchased a new stake in shares of MaxLinear during the 4th quarter worth about $45,000. GAMMA Investing LLC grew its position in shares of 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 acquiring an additional 2,093 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of MaxLinear in the 2nd quarter valued at about $56,000. 90.79% of the stock is owned by institutional investors and hedge funds.

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.