MaxLinear (NYSE:MXL) PT Raised to $30.00

MaxLinear (NYSE:MXL) had its price objective hoisted by equities research analysts at Stifel Nicolaus from $26.00 to $30.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target points to a potential upside of 18.48% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Craig Hallum upgraded shares of MaxLinear from a “hold” rating to a “buy” rating and boosted their price target for the company from $20.00 to $38.00 in a research report on Wednesday. Northland Securities upgraded shares of 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. Benchmark reiterated a “buy” rating and set a $28.00 price target on shares of MaxLinear in a research report on Tuesday, July 9th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of MaxLinear in a research report on Thursday, April 25th. Finally, StockNews.com cut shares of MaxLinear from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.20.

MaxLinear Price Performance

Shares of MXL traded down $0.06 during mid-day trading on Thursday, reaching $25.32. 425,737 shares of the stock traded hands, compared to its average volume of 721,769. The company has a current ratio of 1.99, a quick ratio of 1.56 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -13.38 and a beta of 1.84. The firm has a fifty day moving average price of $19.67 and a 200 day moving average price of $20.08. MaxLinear has a 1 year low of $13.43 and a 1 year high of $35.09.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.02. The firm had revenue of $95.27 million during the quarter, compared to the consensus estimate of $94.99 million. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.75%. As a group, equities research analysts predict that MaxLinear will post -1.25 earnings per share for the current year.

Institutional Investors Weigh In On MaxLinear

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of MaxLinear by 58.0% during the first quarter. BNP Paribas Financial Markets now owns 265,567 shares of the semiconductor company’s stock valued at $4,958,000 after buying an additional 97,447 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of MaxLinear during the fourth quarter valued at approximately $882,000. Vanguard Group Inc. grew its holdings in shares of MaxLinear by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock valued at $275,406,000 after buying an additional 903,235 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in MaxLinear by 291.5% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 120,873 shares of the semiconductor company’s stock valued at $2,873,000 after purchasing an additional 90,000 shares during the period. Finally, SG Americas Securities LLC lifted its position in MaxLinear by 16.5% during the fourth quarter. SG Americas Securities LLC now owns 39,406 shares of the semiconductor company’s stock valued at $937,000 after purchasing an additional 5,569 shares during the period. Hedge funds and other 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.