MaxLinear (NYSE:MXL) Stock Rating Reaffirmed by Needham & Company LLC

MaxLinear (NYSE:MXL)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a report released on Thursday, Benzinga reports. They presently have a $25.00 target price on the semiconductor company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 19.45% from the company’s current price.

A number of other equities analysts have also recently issued reports on MXL. StockNews.com raised shares of MaxLinear from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Benchmark boosted their price target on shares of MaxLinear from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Northland Securities upgraded MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Thursday, April 4th. Finally, Wells Fargo & Company cut MaxLinear from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $35.00 to $25.00 in a report on Wednesday, January 3rd. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, MaxLinear presently has a consensus rating of “Hold” and a consensus target price of $26.09.

MaxLinear Trading Up 0.7 %

Shares of MaxLinear stock opened at $20.93 on Thursday. The company’s fifty day simple moving average is $19.85 and its 200-day simple moving average is $19.94. MaxLinear has a 1 year low of $13.43 and a 1 year high of $35.09. The company has a current ratio of 2.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -23.52 and a beta of 1.98.

MaxLinear (NYSE:MXL) last issued its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.02. The business had revenue of $95.27 million for the quarter, compared to analyst estimates of $94.99 million. MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. As a group, sell-side analysts expect that MaxLinear will post -0.8 EPS for the current year.

Hedge Funds Weigh In On MaxLinear

Several large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in shares of MaxLinear by 354.9% in the third quarter. Acadian Asset Management LLC now owns 39,519 shares of the semiconductor company’s stock valued at $876,000 after acquiring an additional 30,832 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of MaxLinear by 423.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock valued at $14,622,000 after acquiring an additional 531,529 shares during the period. Charles Schwab Investment Management Inc. boosted its position in MaxLinear by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 632,251 shares of the semiconductor company’s stock valued at $14,068,000 after buying an additional 31,589 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of MaxLinear by 180.9% during the third quarter. GSA Capital Partners LLP now owns 82,324 shares of the semiconductor company’s stock worth $1,832,000 after purchasing an additional 53,013 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of MaxLinear by 111.2% in the 3rd quarter. Hsbc Holdings PLC now owns 113,497 shares of the semiconductor company’s stock valued at $2,534,000 after buying an additional 59,760 shares during the period. Hedge funds and other institutional investors 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.