MaxLinear (NYSE:MXL) Sees Unusually-High Trading Volume

MaxLinear, Inc. (NYSE:MXL) saw strong trading volume on Wednesday . 820,230 shares changed hands during trading, an increase of 13% from the previous session’s volume of 728,009 shares.The stock last traded at $22.00 and had previously closed at $23.49.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MXL. Benchmark reiterated a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a report on Tuesday, July 9th. StockNews.com downgraded shares of MaxLinear from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of MaxLinear in a research report on Thursday, April 25th. Susquehanna boosted their price objective on shares of MaxLinear from $25.00 to $30.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Finally, Northland Securities upgraded shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, MaxLinear has an average rating of “Hold” and a consensus target price of $27.20.

MaxLinear Stock Down 5.1 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.56 and a current ratio of 1.99. The company has a market capitalization of $1.85 billion, a PE ratio of -11.95 and a beta of 1.84. The company’s 50-day moving average is $20.09 and its 200 day moving average is $20.12.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in MaxLinear during the first quarter valued at approximately $27,000. EntryPoint Capital LLC bought a new stake in MaxLinear during the first quarter valued at about $59,000. Tower Research Capital LLC TRC lifted its position in shares of MaxLinear by 289.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company’s stock valued at $97,000 after acquiring an additional 3,020 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of MaxLinear by 8.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 490 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in shares of MaxLinear during the fourth quarter worth about $205,000. 90.79% of the stock is owned by hedge funds and other institutional investors.

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.