Analysts Set MaxLinear, Inc (NASDAQ:MXL) Target Price at $19.57

MaxLinear, Inc (NASDAQ:MXL) has earned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.5714.

A number of equities analysts recently weighed in on MXL shares. Stifel Nicolaus set a $23.00 target price on shares of MaxLinear in a research note on Friday, October 24th. Williams Trading set a $25.00 price objective on MaxLinear in a research report on Friday, October 24th. Benchmark boosted their price objective on MaxLinear from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Wells Fargo & Company raised their target price on MaxLinear from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a research note on Thursday, January 22nd.

MaxLinear Price Performance

MaxLinear stock opened at $19.01 on Friday. The stock’s 50 day moving average is $18.26 and its 200 day moving average is $16.61. MaxLinear has a one year low of $8.35 and a one year high of $20.82. The firm has a market cap of $1.64 billion, a P/E ratio of -12.03 and a beta of 1.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.34 and a quick ratio of 0.92.

MaxLinear (NASDAQ:MXL) last released its earnings results on Thursday, January 29th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $136.44 million during the quarter, compared to the consensus estimate of $134.82 million. MaxLinear had a negative net margin of 29.23% and a negative return on equity of 6.95%. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. As a group, research analysts expect that MaxLinear will post -0.37 EPS for the current year.

MaxLinear announced that its board has authorized a stock repurchase plan on Monday, November 24th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On MaxLinear

A number of large investors have recently bought and sold shares of MXL. Summit Global Investments bought a new stake in shares of MaxLinear during the third quarter worth about $555,000. AIGH Capital Management LLC acquired a new position in MaxLinear during the 3rd quarter valued at about $17,809,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in MaxLinear during the 3rd quarter worth approximately $1,571,000. Lisanti Capital Growth LLC bought a new position in shares of MaxLinear in the third quarter valued at approximately $1,180,000. Finally, XTX Topco Ltd purchased a new stake in MaxLinear in the 2nd quarter valued at $1,272,000. 90.79% of the stock is currently owned by institutional investors and hedge funds.

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.