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

MaxLinear (NYSE:MXL) had its price target boosted by Benchmark from $23.00 to $28.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other equities research analysts also recently weighed in on the stock. StockNews.com raised shares of MaxLinear from a sell rating to a hold rating in a research report on Thursday, February 29th. Northland Securities raised shares of MaxLinear from a market perform rating to an outperform rating and set a $30.00 price objective for the company in a research report on Thursday, April 4th. Needham & Company LLC lowered their price objective on shares of MaxLinear from $28.00 to $25.00 and set a buy rating for the company in a research report on Thursday, February 1st. Finally, Wells Fargo & Company downgraded shares of MaxLinear from an overweight rating to an equal weight rating and lowered their price objective for the company from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $26.09.

MaxLinear Price Performance

MXL opened at $20.56 on Monday. The company has a 50-day moving average of $19.76 and a 200-day moving average of $20.00. The company has a market capitalization of $1.68 billion, a P/E ratio of -23.10 and a beta of 1.98. MaxLinear has a 1-year low of $13.43 and a 1-year high of $35.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 2.20.

MaxLinear (NYSE:MXL) last released its earnings results on Wednesday, January 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, hitting the consensus estimate of ($0.17). MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. The company had revenue of $125.35 million during the quarter, compared to the consensus estimate of $125.06 million. Equities analysts expect that MaxLinear will post -0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors grew its position in MaxLinear by 2.8% in the 2nd quarter. Captrust Financial Advisors now owns 12,636 shares of the semiconductor company’s stock worth $429,000 after purchasing an additional 340 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of MaxLinear by 13.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,798 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 436 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of MaxLinear by 8.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 490 shares during the period. XTX Topco Ltd lifted its stake in shares of MaxLinear by 5.2% in the 1st quarter. XTX Topco Ltd now owns 9,995 shares of the semiconductor company’s stock worth $352,000 after acquiring an additional 492 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of MaxLinear by 7.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,299 shares of the semiconductor company’s stock worth $292,000 after acquiring an additional 548 shares during the period. 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.