MaxLinear (NASDAQ:MXL) Sets New 12-Month Low – Time to Sell?

MaxLinear, Inc. (NASDAQ:MXL) hit a new 52-week low during trading on Friday . The company traded as low as $11.01 and last traded at $11.11, with a volume of 373332 shares trading hands. The stock had previously closed at $11.94.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Wells Fargo & Company lifted their target price on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Northland Securities increased their price target on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Susquehanna cut their price target on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Finally, Benchmark reiterated a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.50.

MaxLinear Trading Down 8.0 %

The company has a market cap of $930.13 million, a price-to-earnings ratio of -3.75 and a beta of 1.76. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average price is $16.00 and its two-hundred day moving average price is $16.35.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. Research analysts expect that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Institutional Investors Weigh In On MaxLinear

Hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its position in shares of MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 443 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in MaxLinear by 1.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 60,406 shares of the semiconductor company’s stock worth $1,195,000 after buying an additional 631 shares in the last quarter. GAMMA Investing LLC boosted its position in MaxLinear by 19.1% in the 4th quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 662 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of MaxLinear in the 4th quarter valued at $34,000. Finally, PNC Financial Services Group Inc. raised its position in shares of MaxLinear by 95.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 1,900 shares during the last quarter. 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.