Brokerages Set MaxLinear, Inc (NASDAQ:MXL) Target Price at $85.00

Shares of MaxLinear, Inc (NASDAQ:MXL) have earned an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $85.00.

MXL has been the topic of a number of analyst reports. Needham & Company LLC lifted their target price on shares of MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Susquehanna raised their price target on shares of MaxLinear from $45.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Northland Securities set a $110.00 price target on shares of MaxLinear in a report on Wednesday, June 3rd. Roth Capital lifted their price target on shares of MaxLinear from $60.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $40.00 price objective on shares of MaxLinear in a report on Friday, April 24th.

MaxLinear Stock Performance

NASDAQ MXL opened at $67.11 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 1.78. The stock’s fifty day moving average is $86.26 and its two-hundred day moving average is $52.00. The firm has a market capitalization of $6.09 billion, a P/E ratio of -56.39 and a beta of 3.96. MaxLinear has a fifty-two week low of $12.77 and a fifty-two week high of $128.30.

MaxLinear (NASDAQ:MXL) last issued its earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The business had revenue of $168.85 million during the quarter, compared to the consensus estimate of $164.64 million. During the same period last year, the company earned $0.02 EPS. The company’s revenue for the quarter was up 55.2% on a year-over-year basis. On average, research analysts anticipate that MaxLinear will post 0.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Thomas E. Pardun sold 11,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total value of $1,155,000.00. Following the transaction, the director owned 55,252 shares of the company’s stock, valued at $5,801,460. This represents a 16.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Connie H. Kwong sold 35,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $96.96, for a total value of $3,393,600.00. Following the transaction, the insider owned 13,947 shares of the company’s stock, valued at approximately $1,352,301.12. This represents a 71.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 7.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MXL. Larson Financial Group LLC raised its stake in shares of MaxLinear by 161.7% in the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 875 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of MaxLinear by 103.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 726 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of MaxLinear during the 4th quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new position in shares of MaxLinear during the 4th quarter worth approximately $27,000. Finally, EverSource Wealth Advisors LLC increased its holdings in MaxLinear by 16.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Company Profile

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.