MaxLinear, Inc. (NASDAQ:MXL) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 105.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 447,573 shares of the semiconductor company's stock after purchasing an additional 230,089 shares during the quarter. Deutsche Bank AG owned 0.53% of MaxLinear worth $8,853,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MXL. Barclays PLC raised its position in MaxLinear by 47.6% in the third quarter. Barclays PLC now owns 335,804 shares of the semiconductor company's stock valued at $4,860,000 after purchasing an additional 108,346 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of MaxLinear by 339.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock valued at $24,740,000 after buying an additional 966,468 shares during the period. Pacer Advisors Inc. lifted its stake in MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 443 shares in the last quarter. R Squared Ltd purchased a new stake in MaxLinear during the fourth quarter worth about $45,000. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of MaxLinear by 10.0% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company's stock valued at $25,098,000 after purchasing an additional 115,867 shares in the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

MaxLinear Stock Performance

Shares of NASDAQ MXL traded down $0.11 during midday trading on Thursday, reaching $11.47. 168,646 shares of the company were exchanged, compared to its average volume of 1,437,857. The stock has a market cap of $970.33 million, a P/E ratio of -3.92 and a beta of 1.66. MaxLinear, Inc. has a 1 year low of $8.35 and a 1 year high of $26.59. The stock has a fifty day simple moving average of $11.15 and a 200 day simple moving average of $15.37. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24.

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

Analysts Set New Price Targets

Several brokerages have commented on MXL. Susquehanna decreased their price target on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Benchmark restated a "buy" rating and set a $20.00 price target on shares of MaxLinear in a report on Thursday, April 24th. Roth Capital set a $11.00 price target on MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th. Finally, Stifel Nicolaus cut their target price on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $19.06.

Insiders Place Their Bets

In other news, Director Ted L. Tewksbury III sold 6,071 shares of MaxLinear stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $10.40, for a total transaction of $63,138.40. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 7.80% of the stock is currently owned by company insiders.

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.