MaxLinear Inc. (NYSE:MXL) went up by 3.40% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Semiconductors giant went up by $21.92 to trade ended Thursday trading at $21.20. This is up from the $21.2 price recorded on Wednesday’s trading session. Thanks to this latest performance, MXL is closer to the higher price 52-week target of $27.00 and further from the lowest price target of $19.00. Its performance from the start of the year has also been positive, with MXL up by 3.30% year-to-date.
MaxLinear Inc. (MXL) started the day trading at $21.29 and recorded an intraday high of $21.96. It also recorded an intraday low of $21 during Thursday’s trading session. MaxLinear Inc. is a very active stock that recorded a trading volume that is less than -13.29% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 565295, which is less than -13.29 of the total average daily trading volume of 640.41K.
MaxLinear Inc. (NYSE:MXL) 2020 Performance Impressive
The increase in MXL’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of MXL currently stands at $26.20, which is higher than the current trading price of the stock by 16.34%. However, MXL’s current trading price is -181.39% lower than the 52-week low price of $7.79. In terms of trading volume, MaxLinear Inc. currently experienced healthy participation during the last trading session. 565295 shares of MaxLinear Inc. were traded on the stock exchange on Thursday, which is less than -13.29% of the 640.41K average trading volume of the stock.
The performance of the stock has been positive over the past year. MXL’s performance over the past one year has seen it plunge by -3.52%, while the stock has gone up by 2.43% in the last six months. The quarterly performance of MXL currently stands at 106.21%, and it is up by 20.90% in the last month. The only positive figure was from the weekly performance, which currently reads 10.26%. At the time of writing MXL’s report, the company has a total market cap of $1.62B, making it one of the largest publicly-traded companies in the world.MaxLinear Inc. also has over 697 employees all over the world.
MXL Insider Activities
For MaxLinear Inc., insiders hold 87.00% of all company shares. The insider transactions over the past six months are up by 2.40%. During that period, insiders bought 403,198 shares in 51 transactions. In that same period, insiders sold 333,392 of their shares in 51 transactions. After these transactions, insiders at MaxLinear Inc. now hold 5.29M shares, which is over 88.15% of the total company stocks. Institutional investors currently hold a large chunk of the MXL shares, as they control 7.31% of the company’s total stock.
MXL Fundamental Analysis
For MaxLinear Inc., the stock’s diluted earnings per share (EPS) stands at -0.43. In the coming year, analysts expect the EPS to be 0.74. The EPS growth will up over the next five years to 20.00% after plunging by -7.70% in the previous five years. In terms of revenue, MaxLinear Inc.’s quarterly sales (YOY) is growing at 0.06, which is higher than the average annual revenue of -7.70% over the past half a decade.
The Return on Investment (ROI) on MaxLinear Inc.’s stock currently stands at -1.50%, and it has a net profit margin of -10.40%. The operating margin of the company is -11.70%, and its gross margin is 52.10%.
MXL Analysts Prediction
The Wells Fargo has a Overweight rating for MaxLinear Inc., predicting the stock price to stay between $21 and $23.
Needham and Needham also believe that MaxLinear Inc.’s stock is outperforming at the moment.
At the moment, MaxLinear Inc.’s Total Debt to Equity ratio stands at 0.51, and they have a long-term Debt to Equity ratio of 0.51.
MXL Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MXL currently stands at 12.09%, while the SMA50 is 24.58%. The biggest one is the SMA200, which is currently reading 18.37% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 64.66.