1 week Ago By ABMN Staff
MaxLinear, Inc. ( NASDAQ:MXL – Get Free Report ) gapped down prior to trading on Friday . The stock had previously closed at $10.
09, but opened at $9.80. MaxLinear shares last traded at $9.
73, with a volume of 56,552 shares changing hands. Wall Street Analyst Weigh In A number of equities research analysts have recently issued reports on MXL shares. Benchmark restated a “buy” rating and issued a $28.
00 price target on shares of MaxLinear in a research report on Thursday, January 30th. Wells Fargo & Company lifted their target price on MaxLinear from $19.00 to $20.
00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Northland Securities upped their price objective on MaxLinear from $25.00 to $27.
50 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Susquehanna reduced their price objective on shares of MaxLinear from $25.00 to $23.
00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company.
According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.50.
Check Out Our Latest Analysis on MaxLinear MaxLinear Stock Performance MaxLinear ( NASDAQ:MXL – Get Free Report ) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.
13) by ($0.14). MaxLinear had a negative return on equity of 21.
94% and a negative net margin of 68.01%. As a group, equities analysts anticipate that MaxLinear, Inc.
will post -0.37 EPS for the current year. Hedge Funds Weigh In On MaxLinear Several institutional investors and hedge funds have recently modified their holdings of the company.
The Manufacturers Life Insurance Company raised its holdings in MaxLinear by 3,698.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company’s stock valued at $30,173,000 after buying an additional 1,485,256 shares during the period.
Point72 Hong Kong Ltd acquired a new stake in shares of MaxLinear during the fourth quarter worth approximately $25,659,000. Schonfeld Strategic Advisors LLC acquired a new position in MaxLinear in the fourth quarter worth about $25,027,000. Point72 Asset Management L.
P. boosted its holdings in MaxLinear by 1,813.5% in the fourth quarter.
Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company’s stock worth $24,850,000 after purchasing an additional 1,190,647 shares during the period.
Finally, Assenagon Asset Management S.A. boosted its stake in MaxLinear by 339.
9% in the fourth quarter. Assenagon Asset Management S.A.
now owns 1,250,769 shares of the semiconductor company’s stock valued at $24,740,000 after acquiring an additional 966,468 shares during the period. Hedge funds and other institutional investors own 90.79% of the company’s stock.
About MaxLinear ( Get Free Report ) 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. Read More Receive News & Ratings for MaxLinear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MaxLinear and related companies with MarketBeat.
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