1 week Ago By Defense World 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 traded. Wall Street Analyst Weigh InA number of research analysts have recently commented on MXL shares. Wells Fargo & Company raised their target price on MaxLinear from $19.
00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Benchmark reaffirmed a “buy” rating and issued a $28.
00 target price on shares of MaxLinear in a research report on Thursday, January 30th. Susquehanna lowered their target price on MaxLinear from $25.00 to $23.
00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Northland Securities increased their target price on shares of MaxLinear from $25.00 to $27.
50 and gave the stock an “outperform” rating in a report on Monday, January 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock.
According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.50.Read Our Latest Stock Analysis on MXLMaxLinear Price PerformanceThe company has a current ratio of 1.
77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24.
The stock has a market capitalization of $832.80 million, a PE ratio of -3.36 and a beta of 1.
82. The firm’s 50-day moving average price is $13.42 and its 200-day moving average price is $16.
00. MaxLinear (NASDAQ:MXL – Get Free Report) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.
27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14).
MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%.
On average, equities analysts forecast that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.
Institutional Investors Weigh In On MaxLinearHedge funds have recently made changes to their positions in the company. State Street Corp grew its position in shares of MaxLinear by 5.1% in the 3rd quarter.
State Street Corp now owns 4,123,419 shares of the semiconductor company’s stock worth $59,707,000 after buying an additional 198,791 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of MaxLinear by 0.4% in the third quarter.
Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company’s stock worth $26,152,000 after acquiring an additional 6,420 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of MaxLinear by 3,698.1% during the fourth quarter.
The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company’s stock worth $30,173,000 after purchasing an additional 1,485,256 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in MaxLinear during the fourth quarter worth about $25,659,000. Finally, Vaughan Nelson Investment Management L.
P. boosted its stake in shares of MaxLinear by 10.0% during the 4th quarter.
Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company’s stock worth $25,098,000 after acquiring an additional 115,867 shares in the last quarter.
90.79% of the stock is currently owned by hedge funds and other institutional investors. 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 MoreFive stocks we like better than MaxLinearWhat is a Low P/E Ratio and What Does it Tell Investors?Robinhood Strategies Could Be a Game-Changer for Young InvestorsStock Splits, Do They Really Impact Investors?Are These 3 Retail Stocks Oversold or Really in Trouble?Stock Sentiment Analysis: How it WorksIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
