Northland Securities Lowers MaxLinear (NYSE:MXL) Price Target to $25.00

MaxLinear (NYSE:MXL) had its price objective lowered by Northland Securities from $30.00 to $25.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the semiconductor company’s stock.

Several other research firms have also recently commented on MXL. Craig Hallum dropped their target price on shares of MaxLinear from $38.00 to $28.00 and set a hold rating for the company in a research report on Thursday. Benchmark lowered their price target on shares of MaxLinear from $28.00 to $22.00 and set a buy rating for the company in a research report on Thursday. Susquehanna decreased their target price on shares of MaxLinear from $30.00 to $26.00 and set a positive rating for the company in a report on Thursday. Stifel Nicolaus lifted their target price on shares of MaxLinear from $26.00 to $30.00 and gave the stock a buy rating in a report on Thursday, July 18th. Finally, StockNews.com cut shares of MaxLinear from a hold rating to a sell rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, MaxLinear has a consensus rating of Hold and an average target price of $24.70.

MaxLinear Price Performance

Shares of NYSE:MXL opened at $12.77 on Thursday. The company’s fifty day moving average price is $19.91 and its 200-day moving average price is $20.00. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -6.76 and a beta of 1.84. MaxLinear has a one year low of $12.48 and a one year high of $26.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.09 and a quick ratio of 1.56.

MaxLinear (NYSE:MXL) last released its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.06). MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.39%. The business had revenue of $92.00 million for the quarter, compared to the consensus estimate of $100.25 million. During the same period in the prior year, the business posted $0.19 EPS. MaxLinear’s revenue for the quarter was down 50.0% on a year-over-year basis. On average, equities research analysts anticipate that MaxLinear will post -1.25 earnings per share for the current fiscal year.

Institutional Trading of MaxLinear

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position in MaxLinear by 58.0% during the first quarter. BNP Paribas Financial Markets now owns 265,567 shares of the semiconductor company’s stock valued at $4,958,000 after buying an additional 97,447 shares during the period. Louisiana State Employees Retirement System bought a new stake in MaxLinear during the fourth quarter valued at approximately $882,000. Vanguard Group Inc. grew its position in MaxLinear by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock valued at $275,406,000 after buying an additional 903,235 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in MaxLinear by 291.5% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 120,873 shares of the semiconductor company’s stock valued at $2,873,000 after buying an additional 90,000 shares during the period. Finally, Edgestream Partners L.P. grew its position in MaxLinear by 69.5% during the first quarter. Edgestream Partners L.P. now owns 105,355 shares of the semiconductor company’s stock valued at $1,967,000 after buying an additional 43,181 shares during the period. 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.