MaxLinear, Inc. (NASDAQ:MXL) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,742,972 shares of the semiconductor company's stock after selling 35,717 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.06% of MaxLinear worth $34,479,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in MXL. Assenagon Asset Management S.A. grew its position in shares of MaxLinear by 339.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock valued at $24,740,000 after purchasing an additional 966,468 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of MaxLinear by 422.1% in the 4th quarter. Victory Capital Management Inc. now owns 815,931 shares of the semiconductor company's stock worth $16,139,000 after acquiring an additional 659,662 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MaxLinear by 44.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company's stock worth $13,550,000 after acquiring an additional 288,607 shares during the period. Barclays PLC raised its stake in MaxLinear by 66.9% during the fourth quarter. Barclays PLC now owns 560,313 shares of the semiconductor company's stock worth $11,083,000 after purchasing an additional 224,509 shares during the period. Finally, Wellington Management Group LLP acquired a new position in MaxLinear in the 4th quarter valued at about $3,709,000. 90.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MaxLinear

In related news, Director Ted L. Tewksbury III sold 6,071 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $10.40, for a total value of $63,138.40. Following the transaction, the director now owns 74,995 shares of the company's stock, valued at $779,948. This represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 7.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MXL shares. Roth Capital set a $11.00 price target on shares of MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th. Wells Fargo & Company lifted 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. Loop Capital lowered their price target on MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Susquehanna reduced their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $19.06.

MaxLinear Stock Up 1.1 %

MaxLinear stock traded up $0.12 during mid-day trading on Friday, reaching $11.34. 644,681 shares of the company's stock were exchanged, compared to its average volume of 1,428,334. The company has a fifty day moving average of $11.17 and a 200-day moving average of $15.50. The company has a market cap of $959.75 million, a P/E ratio of -3.87 and a beta of 1.66. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. MaxLinear, Inc. has a twelve month low of $8.35 and a twelve month high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. The firm had revenue of $95.93 million during the quarter, compared to analyst estimates of $95.32 million. During the same period last year, the business posted ($0.21) earnings per share. MaxLinear's revenue was up .7% compared to the same quarter last year. Sell-side analysts expect 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.