Brokerages Set MaxLinear, Inc. (NASDAQ:MXL) Target Price at $25.50

MaxLinear, Inc. (NASDAQ:MXL) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $25.50.

MXL has been the topic of several research reports. Susquehanna lowered their price target on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Benchmark reiterated a “buy” rating and set a $28.00 target price on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities raised their price target on MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Wells Fargo & Company upped their price objective on MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th.

Hedge Funds Weigh In On MaxLinear

Several institutional investors have recently added to or reduced their stakes in MXL. Point72 Asia Singapore Pte. Ltd. grew its holdings in MaxLinear by 5,114.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 126,863 shares of the semiconductor company’s stock valued at $1,837,000 after buying an additional 124,430 shares during the period. Quantbot Technologies LP grew its holdings in MaxLinear by 111.7% in the third quarter. Quantbot Technologies LP now owns 66,363 shares of the semiconductor company’s stock valued at $961,000 after purchasing an additional 35,018 shares during the period. Two Sigma Advisers LP increased its position in MaxLinear by 21.8% during the third quarter. Two Sigma Advisers LP now owns 694,149 shares of the semiconductor company’s stock worth $10,051,000 after purchasing an additional 124,300 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in MaxLinear by 339.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company’s stock worth $24,740,000 after purchasing an additional 966,468 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of MaxLinear by 44.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company’s stock valued at $13,550,000 after purchasing an additional 288,607 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

MaxLinear Stock Performance

MXL opened at $13.20 on Wednesday. MaxLinear has a 1-year low of $11.08 and a 1-year high of $26.59. The stock has a market cap of $1.12 billion, a P/E ratio of -4.51 and a beta of 1.76. The stock’s 50 day simple moving average is $16.82 and its 200 day simple moving average is $16.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28.

MaxLinear (NASDAQ:MXL) last announced 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 analysts anticipate that MaxLinear will post -0.37 EPS for the current fiscal year.

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.