MaxLinear (NYSE:MXL) Given Buy Rating at Needham & Company LLC

MaxLinear (NYSE:MXL)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a report issued on Thursday, Benzinga reports. They presently have a $25.00 price target on the semiconductor company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 19.45% from the company’s current price.

Several other research firms also recently weighed in on MXL. Benchmark upped their price target on shares of MaxLinear from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. StockNews.com raised MaxLinear from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Northland Securities raised MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Thursday, April 4th. Finally, Wells Fargo & Company cut shares of MaxLinear from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $35.00 to $25.00 in a research note on Wednesday, January 3rd. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, MaxLinear presently has a consensus rating of “Hold” and an average target price of $26.09.

MaxLinear Stock Up 0.7 %

Shares of MXL opened at $20.93 on Thursday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of -23.52 and a beta of 1.98. MaxLinear has a 52 week low of $13.43 and a 52 week high of $35.09. The stock’s 50-day moving average price is $19.85 and its 200-day moving average price is $19.94. The company has a quick ratio of 1.75, a current ratio of 2.20 and a debt-to-equity ratio of 0.18.

MaxLinear (NYSE:MXL) last announced its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.02. The firm had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.99 million. MaxLinear had a positive return on equity of 4.77% and a negative net margin of 10.55%. On average, sell-side analysts predict that MaxLinear will post -0.8 EPS for the current year.

Hedge Funds Weigh In On MaxLinear

Several large investors have recently modified their holdings of the business. Acadian Asset Management LLC increased its position in shares of MaxLinear by 354.9% during the 3rd quarter. Acadian Asset Management LLC now owns 39,519 shares of the semiconductor company’s stock worth $876,000 after purchasing an additional 30,832 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of MaxLinear by 423.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock valued at $14,622,000 after acquiring an additional 531,529 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of MaxLinear by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 632,251 shares of the semiconductor company’s stock valued at $14,068,000 after acquiring an additional 31,589 shares during the period. GSA Capital Partners LLP raised its stake in shares of MaxLinear by 180.9% in the 3rd quarter. GSA Capital Partners LLP now owns 82,324 shares of the semiconductor company’s stock valued at $1,832,000 after acquiring an additional 53,013 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of MaxLinear by 111.2% in the 3rd quarter. Hsbc Holdings PLC now owns 113,497 shares of the semiconductor company’s stock worth $2,534,000 after acquiring an additional 59,760 shares during the last quarter. Institutional investors and hedge funds 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.