MaxLinear (NASDAQ:MXL) Trading 4.5% Higher – What’s Next?

MaxLinear, Inc. (NASDAQ:MXL)’s share price traded up 4.5% during trading on Tuesday . The company traded as high as $10.46 and last traded at $10.35. 328,486 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 1,368,348 shares. The stock had previously closed at $9.90.

Wall Street Analyst Weigh In

MXL has been the topic of several analyst reports. 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. Susquehanna lowered their price target on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Benchmark decreased their target price on MaxLinear from $28.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Northland Securities boosted their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $24.36.

MaxLinear Trading Up 5.3 %

The firm has a 50-day moving average price of $13.24 and a 200-day moving average price of $15.97. The stock has a market cap of $882.31 million, a PE ratio of -3.56 and a beta of 1.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77.

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%. As a group, equities analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Trading of MaxLinear

Several institutional investors and hedge funds have recently modified their holdings of MXL. Pacer Advisors Inc. lifted its stake in shares of MaxLinear by 29.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 443 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of MaxLinear by 1.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 60,406 shares of the semiconductor company’s stock worth $1,195,000 after buying an additional 631 shares during the period. GAMMA Investing LLC increased its position in MaxLinear by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 662 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in MaxLinear during the fourth quarter worth $34,000. Finally, PNC Financial Services Group Inc. boosted its position in MaxLinear by 95.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 1,900 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors.

About MaxLinear

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.