Benchmark Reiterates “Buy” Rating for MaxLinear (NASDAQ:MXL)

MaxLinear (NASDAQ:MXL)‘s stock had its “buy” rating reissued by investment analysts at Benchmark in a research report issued on Friday,Benzinga reports. They presently have a $25.00 price target on the semiconductor company’s stock. Benchmark’s price target suggests a potential upside of 47.32% from the stock’s previous close.

MXL has been the subject of a number of other reports. Loop Capital reiterated a “hold” rating and issued a $15.00 target price (up from $10.00) on shares of MaxLinear in a research note on Monday, August 4th. Stifel Nicolaus boosted their price objective on shares of MaxLinear from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, Wells Fargo & Company boosted their price objective on shares of MaxLinear from $13.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.31.

MaxLinear Price Performance

NASDAQ MXL opened at $16.97 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.48 billion, a PE ratio of -6.87 and a beta of 1.77. The company has a 50 day moving average price of $16.03 and a two-hundred day moving average price of $13.85. MaxLinear has a 12-month low of $8.35 and a 12-month high of $25.73.

MaxLinear (NASDAQ:MXL) last posted its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $108.81 million during the quarter, compared to analysts’ expectations of $104.94 million. MaxLinear had a negative net margin of 55.53% and a negative return on equity of 18.16%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.25) earnings per share. MaxLinear has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that MaxLinear will post -0.37 earnings per share for the current fiscal year.

Insider Transactions at MaxLinear

In other news, insider Steven G. Litchfield sold 102,157 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $17.28, for a total value of $1,765,272.96. Following the sale, the insider owned 312,203 shares of the company’s stock, valued at approximately $5,394,867.84. This represents a 24.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On MaxLinear

Several large investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System grew its holdings in shares of MaxLinear by 3.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 23,099 shares of the semiconductor company’s stock worth $328,000 after purchasing an additional 680 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of MaxLinear by 7.8% in the 2nd quarter. Bank of Montreal Can now owns 12,381 shares of the semiconductor company’s stock worth $176,000 after purchasing an additional 896 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of MaxLinear by 4.1% in the 1st quarter. Blair William & Co. IL now owns 22,756 shares of the semiconductor company’s stock worth $247,000 after purchasing an additional 902 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in MaxLinear by 2.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 57,796 shares of the semiconductor company’s stock worth $821,000 after acquiring an additional 1,226 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in MaxLinear by 36.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,143 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 1,378 shares during the last quarter. Institutional investors own 90.79% of the company’s stock.

MaxLinear Company Profile

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.