Fintel reports that on April 24, 2026, Needham upgraded their outlook for MaxLinear (NasdaqGS:MXL) from Hold to Buy.
Analyst Price Forecast Suggests 63.56% Downside
As of April 15, 2026, the average one-year price target for MaxLinear is $21.98/share. The forecasts range from a low of $17.17 to a high of $29.40. The average price target represents a decrease of 63.56% from its latest reported closing price of $60.32 / share.
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The projected annual revenue for MaxLinear is 1,282MM, an increase of 151.92%. The projected annual non-GAAP EPS is 4.43.
What is the Fund Sentiment?
There are 251 funds or institutions reporting positions in MaxLinear. This is an decrease of 239 owner(s) or 48.78% in the last quarter. Average portfolio weight of all funds dedicated to MXL is 0.04%, an increase of 56.54%. Total shares owned by institutions decreased in the last three months by 18.61% to 72,991K shares. 
The put/call ratio of MXL is 0.38, indicating a bullish outlook.
What are Other Shareholders Doing?
Invesco holds 2,150K shares representing 2.40% ownership of the company. In its prior filing, the firm reported owning 413K shares , representing an increase of 80.77%. The firm increased its portfolio allocation in MXL by 486.28% over the last quarter.
Goldman Sachs Group holds 2,045K shares representing 2.28% ownership of the company. In its prior filing, the firm reported owning 2,929K shares , representing a decrease of 43.22%. The firm decreased its portfolio allocation in MXL by 56.22% over the last quarter.
Geode Capital Management holds 2,038K shares representing 2.28% ownership of the company. In its prior filing, the firm reported owning 2,010K shares , representing an increase of 1.40%. The firm decreased its portfolio allocation in MXL by 43.31% over the last quarter.
Marshall Wace, Llp holds 1,403K shares representing 1.57% ownership of the company. No change in the last quarter.
Nuveen holds 1,254K shares representing 1.40% ownership of the company. In its prior filing, the firm reported owning 1,224K shares , representing an increase of 2.43%.
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This story originally appeared on Fintel.
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