On April 24, 2026, Needham upgraded MaxLinear (NasdaqGS:MXL) from Hold to Buy. The average one-year price target for the company is now $21.98 per share, reflecting a substantial potential decline of 63.56% from its recent closing price of $60.32.
MaxLinear’s projected annual revenue is set at $1.282 billion, representing a 151.92% increase. The non-GAAP EPS is anticipated at 4.43. Institutional ownership has notably decreased, with 251 funds reporting positions, down 48.78% from the previous quarter, and total shares owned by institutions falling by 18.61% to 72.991 million shares.
Significant changes in shareholder positions include Invesco increasing its stake by 80.77% to 2.15 million shares, while Goldman Sachs decreased its holdings by 43.22% to 2.045 million shares. The current put/call ratio for MXL stands at 0.38, indicating a bullish sentiment among investors.
