Deutsche Bank AG Boosts Position in MaxLinear, Inc. (NASDAQ:MXL)

Deutsche Bank AG raised its position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 105.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 447,573 shares of the semiconductor company's stock after purchasing an additional 230,089 shares during the period. Deutsche Bank AG owned 0.53% of MaxLinear worth $8,853,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MXL. Driehaus Capital Management LLC acquired a new position in shares of MaxLinear during the 4th quarter valued at $12,675,000. Balyasny Asset Management L.P. acquired a new position in shares of MaxLinear during the fourth quarter valued at about $2,397,000. Bayesian Capital Management LP bought a new position in shares of MaxLinear during the 4th quarter worth about $893,000. Algert Global LLC increased its position in MaxLinear by 25.7% in the 4th quarter. Algert Global LLC now owns 143,347 shares of the semiconductor company's stock valued at $2,835,000 after buying an additional 29,353 shares in the last quarter. Finally, Comerica Bank increased its position in MaxLinear by 5.4% in the 4th quarter. Comerica Bank now owns 300,943 shares of the semiconductor company's stock valued at $5,953,000 after buying an additional 15,284 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company's stock.

MaxLinear Stock Up 0.2%

NASDAQ:MXL traded up $0.02 on Tuesday, hitting $12.07. The stock had a trading volume of 910,830 shares, compared to its average volume of 1,437,388. MaxLinear, Inc. has a 1 year low of $8.35 and a 1 year high of $26.59. The firm's fifty day simple moving average is $11.18 and its two-hundred day simple moving average is $15.42. 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 $1.02 billion, a P/E ratio of -4.12 and a beta of 1.66.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). The firm had revenue of $95.93 million during the quarter, compared to the consensus estimate of $95.32 million. MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. The business's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.21) EPS. Analysts predict that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Insider Activity at MaxLinear

In other news, Director Ted L. Tewksbury III sold 6,071 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $10.40, for a total value of $63,138.40. Following the sale, the director now owns 74,995 shares of the company's stock, valued at $779,948. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on MXL. Loop Capital reduced their price objective on MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Benchmark restated a "buy" rating and set a $20.00 price target on shares of MaxLinear in a research note on Thursday, April 24th. Roth Capital set a $11.00 price objective on shares of MaxLinear and gave the company a "neutral" rating in a research note on Thursday, April 24th. Wells Fargo & Company boosted their target price on shares of MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $19.06.

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.