MaxLinear (NYSE:MXL) PT Raised to $28.00 at Benchmark

MaxLinear (NYSE:MXL) had its price target increased by investment analysts at Benchmark from $23.00 to $28.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price target indicates a potential upside of 30.72% from the company’s previous close.

A number of other research firms have also recently issued reports on MXL. Wells Fargo & Company cut MaxLinear from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Needham & Company LLC dropped their price objective on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. StockNews.com raised shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Northland Securities raised shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, MaxLinear presently has an average rating of “Hold” and an average price target of $26.09.

MaxLinear Trading Down 1.0 %

NYSE:MXL opened at $21.42 on Monday. The stock has a market cap of $1.75 billion, a PE ratio of -24.07 and a beta of 1.98. MaxLinear has a fifty-two week low of $13.43 and a fifty-two week high of $35.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.20 and a quick ratio of 1.75. The stock’s 50-day moving average is $19.70 and its two-hundred day moving average is $19.99.

MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported ($0.17) EPS for the quarter, meeting analysts’ consensus estimates of ($0.17). MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. The firm had revenue of $125.35 million for the quarter, compared to the consensus estimate of $125.06 million. As a group, equities research analysts forecast that MaxLinear will post -0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MXL. Advisors Asset Management Inc. increased its stake in shares of MaxLinear by 171.7% in the third quarter. Advisors Asset Management Inc. now owns 1,220 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 771 shares during the period. International Assets Investment Management LLC bought a new position in MaxLinear in the 3rd quarter worth approximately $35,000. CWM LLC lifted its holdings in shares of MaxLinear by 712.8% during the third quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock worth $51,000 after buying an additional 2,010 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of MaxLinear by 27.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 862 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of MaxLinear in the second quarter worth $90,000. Institutional investors and hedge funds 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.