MaxLinear (NASDAQ:MXL) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

MaxLinear, Inc. (NASDAQ:MXL)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.21 and traded as high as $17.43. MaxLinear shares last traded at $17.03, with a volume of 985,608 shares.

Wall Street Analysts Forecast Growth

MXL has been the topic of a number of recent research reports. Wells Fargo & Company raised their price target on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Northland Securities raised 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. Benchmark reaffirmed a “buy” rating and set a $28.00 price target on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Craig Hallum decreased their target price on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, MaxLinear currently has a consensus rating of “Hold” and an average target price of $25.50.

MaxLinear Trading Up 1.2 %

The firm’s fifty day simple moving average is $19.84 and its 200 day simple moving average is $16.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The stock has a market capitalization of $1.44 billion, a P/E ratio of -5.81 and a beta of 1.77.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. As a group, equities research analysts forecast that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Insider Activity

In related news, insider Connie H. Kwong sold 5,000 shares of MaxLinear stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total transaction of $93,050.00. Following the sale, the insider now directly owns 49,147 shares in the company, valued at $914,625.67. This trade represents a 9.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven G. Litchfield sold 32,000 shares of MaxLinear stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.35, for a total transaction of $651,200.00. Following the sale, the insider now owns 365,868 shares in the company, valued at approximately $7,445,413.80. This represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 443 shares during the last quarter. Price T Rowe Associates Inc. MD raised 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 purchasing an additional 631 shares during the last quarter. GAMMA Investing LLC raised its holdings in MaxLinear by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 662 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in MaxLinear by 20.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,761 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 1,308 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in MaxLinear during the 4th quarter worth approximately $34,000. 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.