MaxLinear (NASDAQ:MXL) Price Target Raised to $100.00 at Needham & Company LLC

MaxLinear (NASDAQ:MXL) had its price objective raised by Needham & Company LLC from $60.00 to $100.00 in a report issued on Friday morning, MarketBeat reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

Several other equities analysts also recently weighed in on MXL. Stifel Nicolaus lifted their target price on shares of MaxLinear from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Susquehanna reissued a “neutral” rating and set a $30.00 price objective on shares of MaxLinear in a research note on Monday, April 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a research note on Friday, July 17th. Roth Capital boosted their price target on MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a report on Friday. Finally, Benchmark started coverage on MaxLinear in a research report on Wednesday, May 27th. They issued a “buy” rating and a $125.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, MaxLinear currently has an average rating of “Hold” and an average target price of $85.00.

MaxLinear Stock Performance

MXL opened at $71.59 on Friday. MaxLinear has a 1-year low of $12.77 and a 1-year high of $128.30. The stock has a market cap of $6.41 billion, a P/E ratio of -60.16 and a beta of 3.91. The stock’s 50 day simple moving average is $90.16 and its 200 day simple moving average is $49.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.12.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $168.85 million during the quarter, compared to analysts’ expectations of $164.64 million. MaxLinear had a positive return on equity of 2.27% and a negative net margin of 18.24%.MaxLinear’s revenue was up 55.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. As a group, equities analysts anticipate that MaxLinear will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at MaxLinear

In related news, insider Connie H. Kwong sold 35,000 shares of MaxLinear stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $96.96, for a total transaction of $3,393,600.00. Following the sale, the insider directly owned 13,947 shares in the company, valued at $1,352,301.12. The trade was a 71.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas E. Pardun sold 11,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the completion of the transaction, the director owned 55,252 shares of the company’s stock, valued at $5,801,460. This trade represents a 16.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 65,168 shares of company stock worth $5,559,358 in the last ninety days. 7.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On MaxLinear

A number of hedge funds and other institutional investors have recently modified their holdings of MXL. Invesco Ltd. lifted its position in shares of MaxLinear by 419.9% in the fourth quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock worth $37,467,000 after purchasing an additional 1,736,141 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in MaxLinear by 582.7% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 861,000 shares of the semiconductor company’s stock valued at $15,007,000 after acquiring an additional 734,875 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of MaxLinear by 27.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock valued at $41,054,000 after purchasing an additional 628,719 shares in the last quarter. Defiance ETFs LLC bought a new position in MaxLinear during the fourth quarter valued at about $10,944,000. Finally, Vanguard Group Inc. raised its stake in shares of MaxLinear by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock valued at $232,279,000 after acquiring an additional 605,903 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

Key Stories Impacting MaxLinear

Here are the key news stories impacting MaxLinear this week:

• Positive Sentiment: MaxLinear beat Q2 estimates, reporting earnings of $0.35 per share on revenue of $168.85 million, with sales up 55.2% year over year. Article Title
• Positive Sentiment: The company issued upbeat Q3 guidance, forecasting revenue of $210 million to $220 million, above Wall Street expectations, and lifted its 2026 optical data center revenue outlook to $210 million to $230 million. Article Title
• Positive Sentiment: Management highlighted rapid growth in optical AI data center and infrastructure demand, including a 145% surge in infrastructure sales, reinforcing the AI-driven growth story. Article Title
• Positive Sentiment: Analysts turned more constructive after the report, with Needham raising its price target to $100 from $60 and other firms boosting forecasts. Article Title
• Neutral Sentiment: Several reports noted that the stock was slipping or set to extend a short-term pullback even after the earnings beat, suggesting the move may reflect profit-taking rather than a change in fundamentals. Article Title

About MaxLinear

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.