MaxLinear Inc. (NYSE:MXL) had its price target raised by stock analysts at Needham & Company LLC from $21.00 to $22.50 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 3.31% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Deutsche Bank AG lowered their target price on MaxLinear from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, August 9th. Stifel Nicolaus lowered their target price on MaxLinear from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, August 9th. Zacks Investment Research raised MaxLinear from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, July 21st. Finally, Chardan Capital reissued a “buy” rating on shares of MaxLinear in a research note on Wednesday, November 2nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $22.79.

Analyst Recommendations for MaxLinear (NYSE:MXL)

Shares of MaxLinear (NYSE:MXL) opened at 21.78 on Tuesday. The firm has a 50-day moving average price of $19.80 and a 200-day moving average price of $19.39. The firm has a market cap of $1.39 billion, a PE ratio of 38.69 and a beta of 0.85. MaxLinear has a 52 week low of $12.67 and a 52 week high of $22.50.

MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. MaxLinear had a return on equity of 36.06% and a net margin of 10.72%. The firm earned $96.30 million during the quarter, compared to analyst estimates of $16.14 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that MaxLinear will post $1.73 earnings per share for the current year.

In other MaxLinear news, VP Brendan Walsh sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $18.04, for a total transaction of $225,500.00. Following the completion of the transaction, the vice president now owns 162,210 shares of the company’s stock, valued at approximately $2,926,268.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.48% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its position in MaxLinear by 0.9% in the third quarter. California State Teachers Retirement System now owns 118,225 shares of the company’s stock worth $2,396,000 after buying an additional 1,100 shares during the last quarter. Advisor Group Inc. increased its position in MaxLinear by 118.1% in the third quarter. Advisor Group Inc. now owns 7,057 shares of the company’s stock worth $142,000 after buying an additional 3,821 shares during the period. SG Americas Securities LLC purchased a new position in MaxLinear during the third quarter worth $360,000. Meritage Portfolio Management purchased a new position in MaxLinear during the third quarter worth $5,004,000. Finally, Rhumbline Advisers increased its position in MaxLinear by 1.6% in the third quarter. Rhumbline Advisers now owns 55,812 shares of the company’s stock worth $1,131,000 after buying an additional 870 shares during the period. 75.82% of the stock is owned by institutional investors and hedge funds.

MaxLinear Company Profile

MaxLinear, Inc is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.

5 Day Chart for NYSE:MXL

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