MaxLinear, Inc. (NASDAQ:MXL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

MaxLinear, Inc. (NASDAQ:MXL) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $25.50.

MXL has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $28.00 target price on shares of MaxLinear in a research note on Thursday, January 30th. Northland Securities lifted their target price on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Susquehanna reduced their target price on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Wells Fargo & Company lifted their target price on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th.

Insider Buying and Selling at MaxLinear

In related news, insider Steven G. Litchfield sold 32,000 shares of MaxLinear stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.35, for a total value of $651,200.00. Following the completion of the transaction, the insider now owns 365,868 shares in the company, valued at approximately $7,445,413.80. The trade was a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Connie H. Kwong sold 5,000 shares of MaxLinear stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total transaction of $93,050.00. Following the completion of the transaction, the insider now owns 49,147 shares of the company’s stock, valued at $914,625.67. This trade represents a 9.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MXL. The Manufacturers Life Insurance Company grew its holdings in shares of MaxLinear by 3,698.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company’s stock valued at $30,173,000 after purchasing an additional 1,485,256 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of MaxLinear in the fourth quarter valued at approximately $25,659,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of MaxLinear in the fourth quarter valued at approximately $25,027,000. Point72 Asset Management L.P. grew its holdings in shares of MaxLinear by 1,813.5% in the fourth quarter. Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company’s stock valued at $24,850,000 after purchasing an additional 1,190,647 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of MaxLinear in the third quarter valued at approximately $16,696,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Stock Performance

NASDAQ:MXL opened at $14.61 on Friday. The company’s 50-day moving average price is $19.33 and its 200-day moving average price is $16.35. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.24 billion, a P/E ratio of -4.99 and a beta of 1.77. MaxLinear has a twelve month low of $11.08 and a twelve month high of $26.59.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. On average, sell-side analysts forecast that MaxLinear will post -0.37 earnings per share for the current fiscal year.

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.