MaxLinear (NYSE:MXL) Given New $25.00 Price Target at Northland Securities

MaxLinear (NYSE:MXL) had its target price cut by equities researchers at Northland Securities from $30.00 to $25.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Northland Securities’ price target points to a potential upside of 60.57% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Needham & Company LLC lowered MaxLinear from a “buy” rating to a “hold” rating in a report on Thursday. Craig Hallum decreased their price target on MaxLinear from $38.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday. StockNews.com cut shares of MaxLinear from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Benchmark reduced their price objective on shares of MaxLinear from $28.00 to $22.00 and set a “buy” rating for the company in a report on Thursday. Finally, Susquehanna lowered their target price on shares of MaxLinear from $30.00 to $26.00 and set a “positive” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.70.

MaxLinear Stock Performance

MXL stock traded down $6.72 during mid-day trading on Thursday, reaching $15.57. The company had a trading volume of 3,967,602 shares, compared to its average volume of 775,537. MaxLinear has a one year low of $13.43 and a one year high of $35.00. The stock has a market capitalization of $1.29 billion, a P/E ratio of -8.23 and a beta of 1.84. The company has a quick ratio of 1.56, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $20.15 and its two-hundred day simple moving average is $20.13.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.06). MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.75%. The firm had revenue of $92.00 million during the quarter, compared to the consensus estimate of $100.25 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was down 50.0% compared to the same quarter last year. Research analysts anticipate that MaxLinear will post -1.25 EPS for the current year.

Institutional Trading of MaxLinear

Hedge funds and other institutional investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System grew its holdings in shares of MaxLinear by 3.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 38,000 shares of the semiconductor company’s stock worth $765,000 after acquiring an additional 1,100 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of MaxLinear by 39.5% in the second quarter. SG Americas Securities LLC now owns 12,184 shares of the semiconductor company’s stock worth $245,000 after buying an additional 3,453 shares during the period. Simplicity Wealth LLC increased its position in shares of MaxLinear by 3.1% in the second quarter. Simplicity Wealth LLC now owns 19,283 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 579 shares in the last quarter. Comerica Bank raised its holdings in shares of MaxLinear by 472.6% during the first quarter. Comerica Bank now owns 194,405 shares of the semiconductor company’s stock valued at $3,630,000 after acquiring an additional 160,456 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in shares of MaxLinear in the 1st quarter valued at approximately $539,000. 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.