MaxLinear (NYSE:MXL) Given New $28.00 Price Target at Craig Hallum

MaxLinear (NYSE:MXL) had its price objective decreased by Craig Hallum from $38.00 to $28.00 in a report issued on Thursday, Benzinga reports. Craig Hallum currently has a hold rating on the semiconductor company’s stock.

Several other equities analysts have also recently weighed in on the company. Benchmark dropped their price objective on MaxLinear from $28.00 to $22.00 and set a buy rating for the company in a report on Thursday. Susquehanna decreased their price target on shares of MaxLinear from $30.00 to $26.00 and set a positive rating for the company in a research report on Thursday. Northland Securities upgraded MaxLinear from a market perform rating to an outperform rating and set a $30.00 price target on the stock in a research report on Thursday, April 4th. Stifel Nicolaus lifted their target price on MaxLinear from $26.00 to $30.00 and gave the stock a buy rating in a report on Thursday, July 18th. Finally, StockNews.com lowered MaxLinear from a hold rating to a sell rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $24.70.

MaxLinear Stock Performance

NYSE:MXL opened at $14.02 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.56. The business’s 50-day simple moving average is $20.15 and its 200-day simple moving average is $20.13. MaxLinear has a fifty-two week low of $13.43 and a fifty-two week high of $26.59. The stock has a market capitalization of $1.17 billion, a PE ratio of -7.42 and a beta of 1.84.

MaxLinear (NYSE:MXL) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.12%. The firm had revenue of $92.00 million during the quarter, compared to the consensus estimate of $100.25 million. During the same period in the previous year, the company posted $0.19 earnings per share. The firm’s revenue for the quarter was down 50.0% compared to the same quarter last year. Sell-side analysts expect that MaxLinear will post -1.25 earnings per share for the current fiscal year.

Institutional Trading of MaxLinear

Several hedge funds have recently bought and sold shares of MXL. Headlands Technologies LLC purchased a new position in MaxLinear during the first quarter valued at $27,000. EntryPoint Capital LLC bought a new stake in MaxLinear in the first quarter worth $59,000. Tower Research Capital LLC TRC lifted its position in MaxLinear by 289.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 3,020 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of MaxLinear by 8.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock worth $150,000 after buying an additional 490 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in MaxLinear in the fourth quarter worth about $205,000. Institutional investors 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.