MaxLinear (NYSE:MXL – Get Free Report) 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.
View Our Latest Stock Report on MXL
MaxLinear Price Performance
MaxLinear (NYSE:MXL – Get Free Report) 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.
Featured Stories
- Five stocks we like better than MaxLinear
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- This Cybersecurity Stock Gains Analysts’ Favor for Strong Growth
- What Is WallStreetBets and What Stocks Are They Targeting?
- Parabolic Rise of This Stock Shows No Signs of Slowing
- Are Penny Stocks a Good Fit for Your Portfolio?
- Risk Tolerance vs. Risk Appetite: Key Differences
Receive News & Ratings for MaxLinear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MaxLinear and related companies with MarketBeat.com's FREE daily email newsletter.