1492 Capital Management LLC Buys New Shares in MaxLinear, Inc. (NASDAQ:MXL)

1492 Capital Management LLC purchased a new position in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 148,487 shares of the semiconductor company's stock, valued at approximately $2,937,000. 1492 Capital Management LLC owned 0.18% of MaxLinear at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MXL. Aster Capital Management DIFC Ltd acquired a new stake in MaxLinear in the fourth quarter valued at about $34,000. Pacer Advisors Inc. boosted its position in MaxLinear by 29.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock valued at $39,000 after buying an additional 443 shares in the last quarter. R Squared Ltd bought a new stake in shares of MaxLinear during the fourth quarter worth $45,000. Wealthfront Advisers LLC acquired a new position in shares of MaxLinear during the fourth quarter worth $45,000. Finally, Larson Financial Group LLC lifted its stake in shares of MaxLinear by 3,092.0% in the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock valued at $56,000 after acquiring an additional 2,721 shares during the last quarter. 90.79% of the stock is owned by institutional investors.

MaxLinear Stock Up 6.0 %

NASDAQ:MXL traded up $0.62 on Wednesday, hitting $11.03. The stock had a trading volume of 1,036,005 shares, compared to its average volume of 1,382,461. The firm's fifty day simple moving average is $12.48 and its two-hundred day simple moving average is $15.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The stock has a market cap of $933.51 million, a P/E ratio of -3.76 and a beta of 1.82. MaxLinear, Inc. has a 1 year low of $8.35 and a 1 year high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. Analysts predict that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MXL shares. Susquehanna dropped their target price on MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Northland Securities boosted their target price on shares of MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a report on Monday, January 6th. Benchmark cut their price target on shares of MaxLinear from $28.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus decreased their price objective on MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company lifted their target price on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $22.36.

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.