Capital Fund Management S.A. Has $1.82 Million Stock Position in MaxLinear, Inc. (NASDAQ:MXL)

Capital Fund Management S.A. lessened its position in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 31.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,841 shares of the semiconductor company's stock after selling 42,135 shares during the quarter. Capital Fund Management S.A. owned about 0.11% of MaxLinear worth $1,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in MaxLinear during the fourth quarter worth about $1,671,000. Aster Capital Management DIFC Ltd acquired a new position in MaxLinear during the 4th quarter valued at approximately $34,000. Hel Ved Capital Management Ltd acquired a new stake in MaxLinear in the fourth quarter worth approximately $3,317,000. ExodusPoint Capital Management LP purchased a new stake in shares of MaxLinear in the 4th quarter valued at approximately $1,859,000. Finally, Trexquant Investment LP bought a new position in MaxLinear during the fourth quarter valued at approximately $306,000. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on MXL. Benchmark cut their price objective on MaxLinear from $28.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Northland Securities boosted their price target on MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a report on Monday, January 6th. Stifel Nicolaus cut their price objective on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday. Wells Fargo & Company raised their target price on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Finally, Susquehanna reduced their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. One 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. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $22.36.

MaxLinear Price Performance

MXL traded down $0.60 on Monday, hitting $9.62. 121,287 shares of the company were exchanged, compared to its average volume of 1,376,698. The business's fifty day moving average is $12.71 and its 200 day moving average is $15.88. 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 firm has a market capitalization of $814.18 million, a P/E ratio of -3.30 and a beta of 1.82. MaxLinear, Inc. has a fifty-two week low of $8.35 and a fifty-two week high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last released 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 return on equity of 21.94% and a negative net margin of 68.01%. As a group, sell-side analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current year.

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.