MaxLinear (NASDAQ:MXL) Trading Down 6% – What’s Next?

Shares of MaxLinear, Inc. (NASDAQ:MXL) were down 6% on Thursday . The company traded as low as $11.94 and last traded at $11.98. Approximately 353,482 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 1,283,845 shares. The stock had previously closed at $12.74.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Susquehanna cut their price target on MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Northland Securities boosted their target price on MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research report on Monday, January 6th. Wells Fargo & Company upped their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Benchmark reiterated a “buy” rating and set a $28.00 price target on shares of MaxLinear in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.50.

MaxLinear Stock Performance

The stock has a market capitalization of $1.02 billion, a P/E ratio of -4.11 and a beta of 1.76. The company’s fifty day simple moving average is $16.67 and its 200 day simple moving average is $16.40. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24.

MaxLinear (NASDAQ:MXL) last released its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) 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 21.94%. As a group, sell-side analysts forecast that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Intech Investment Management LLC bought a new position in shares of MaxLinear during the 3rd quarter valued at $328,000. Charles Schwab Investment Management Inc. boosted its position in MaxLinear by 18.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 915,415 shares of the semiconductor company’s stock valued at $13,255,000 after buying an additional 145,695 shares during the period. Truvestments Capital LLC bought a new position in shares of MaxLinear during the third quarter valued at about $42,000. FMR LLC increased its holdings in shares of MaxLinear by 184.5% in the third quarter. FMR LLC now owns 456,929 shares of the semiconductor company’s stock worth $6,616,000 after buying an additional 296,339 shares during the period. Finally, Quantbot Technologies LP lifted its stake in shares of MaxLinear by 111.7% in the 3rd quarter. Quantbot Technologies LP now owns 66,363 shares of the semiconductor company’s stock valued at $961,000 after acquiring an additional 35,018 shares during the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.

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.