MaxLinear (NYSE:MXL – Get Rating) had its price target lowered by stock analysts at Needham & Company LLC from $80.00 to $65.00 in a report released on Thursday, The Fly reports. Needham & Company LLC’s price target would indicate a potential upside of 47.76% from the company’s current price.
A number of other equities research analysts have also recently commented on MXL. Zacks Investment Research raised MaxLinear from a “hold” rating to a “strong-buy” rating and set a $69.00 target price on the stock in a research note on Wednesday, February 9th. Craig Hallum dropped their price objective on MaxLinear from $90.00 to $75.00 in a research report on Monday, April 11th. Wells Fargo & Company raised MaxLinear from an “equal weight” rating to an “overweight” rating and set a $66.00 price objective on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on MaxLinear from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, April 20th. Finally, Northland Securities increased their price objective on MaxLinear from $71.00 to $77.00 in a research report on Thursday, February 3rd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $68.82.
MXL opened at $43.99 on Thursday. The stock has a fifty day simple moving average of $54.49 and a two-hundred day simple moving average of $61.16. The company has a current ratio of 1.95, a quick ratio of 1.31 and a debt-to-equity ratio of 0.63. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 83.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.99. MaxLinear has a 12-month low of $31.76 and a 12-month high of $77.89.
In related news, Director Daniel A. Artusi sold 12,229 shares of MaxLinear stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $64.95, for a total transaction of $794,273.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William Torgerson sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $56.13, for a total value of $898,080.00. The disclosure for this sale can be found here. Insiders sold 43,959 shares of company stock worth $2,521,240 in the last ninety days. Corporate insiders own 8.82% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. US Bancorp DE boosted its holdings in shares of MaxLinear by 14.8% in the 3rd quarter. US Bancorp DE now owns 27,704 shares of the semiconductor company’s stock worth $1,365,000 after purchasing an additional 3,575 shares during the period. Deutsche Bank AG boosted its holdings in MaxLinear by 3.4% during the 3rd quarter. Deutsche Bank AG now owns 61,403 shares of the semiconductor company’s stock valued at $3,024,000 after acquiring an additional 2,040 shares during the period. Advisor Partners LLC purchased a new position in MaxLinear during the 4th quarter valued at $210,000. Royal Bank of Canada boosted its holdings in MaxLinear by 5.1% during the 3rd quarter. Royal Bank of Canada now owns 77,562 shares of the semiconductor company’s stock valued at $3,821,000 after acquiring an additional 3,778 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in MaxLinear by 11.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,572 shares of the semiconductor company’s stock valued at $323,000 after acquiring an additional 666 shares during the period. Hedge funds and other institutional investors own 83.19% of the company’s stock.
MaxLinear Company Profile (Get Rating)
MaxLinear, Inc provides radiofrequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. Its products integrate various portions of a high-speed communication system, including RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression, networking layers, and power management.
- Get a free copy of the StockNews.com research report on MaxLinear (MXL)
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