Susquehanna Has Lowered Expectations for MaxLinear (NASDAQ:MXL) Stock Price

MaxLinear (NASDAQ:MXL) had its target price dropped by equities research analysts at Susquehanna from $25.00 to $23.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Susquehanna’s target price would indicate a potential upside of 28.78% from the company’s previous close.

MXL has been the topic of a number of other reports. Benchmark upped their price objective on MaxLinear from $22.00 to $28.00 and gave the company a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company upped their price objective on MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday. Craig Hallum decreased their price objective on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a report on Thursday. Finally, Northland Securities upped their price objective on MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.50.

MaxLinear Price Performance

NASDAQ:MXL opened at $17.86 on Thursday. MaxLinear has a 12 month low of $11.08 and a 12 month high of $26.59. The stock has a 50 day moving average of $19.85 and a two-hundred day moving average of $16.39. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

MaxLinear (NASDAQ:MXL) last posted its quarterly 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 21.15%. Analysts expect that MaxLinear will post -0.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Steven G. Litchfield sold 32,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.35, for a total value of $651,200.00. Following the sale, the insider now directly owns 365,868 shares in the company, valued at approximately $7,445,413.80. This trade represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Connie H. Kwong sold 5,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total value of $93,050.00. Following the completion of the sale, the insider now owns 49,147 shares in the company, valued at approximately $914,625.67. The trade was a 9.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,900 shares of company stock worth $927,278 over the last ninety days. Corporate insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On MaxLinear

Several large investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in MaxLinear by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 374,722 shares of the semiconductor company’s stock valued at $7,412,000 after buying an additional 12,838 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of MaxLinear by 2.9% during the fourth quarter. Rhumbline Advisers now owns 225,145 shares of the semiconductor company’s stock worth $4,453,000 after purchasing an additional 6,385 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of MaxLinear by 10.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company’s stock worth $25,098,000 after purchasing an additional 115,867 shares during the last quarter. R Squared Ltd purchased a new position in shares of MaxLinear during the fourth quarter worth about $45,000. Finally, Pacer Advisors Inc. grew its holdings in shares of MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 443 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

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.