Dimensional Fund Advisors LP trimmed its stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,742,972 shares of the semiconductor company's stock after selling 35,717 shares during the quarter. Dimensional Fund Advisors LP owned about 2.06% of MaxLinear worth $34,479,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of MaxLinear during the 4th quarter worth about $34,000. Pacer Advisors Inc. boosted its holdings in shares of MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 443 shares during the period. R Squared Ltd acquired a new position in shares of MaxLinear in the fourth quarter valued at approximately $45,000. Wealthfront Advisers LLC bought a new position in shares of MaxLinear during the fourth quarter worth approximately $45,000. Finally, Larson Financial Group LLC lifted its holdings in MaxLinear by 3,092.0% during the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock worth $56,000 after purchasing an additional 2,721 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.
MaxLinear Stock Performance
NASDAQ MXL opened at $10.69 on Monday. The firm's 50 day simple moving average is $11.51 and its 200 day simple moving average is $15.63. The firm has a market capitalization of $904.74 million, a price-to-earnings ratio of -3.65 and a beta of 1.66. 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, Inc. has a 1 year low of $8.35 and a 1 year high of $26.59.
MaxLinear (NASDAQ:MXL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share 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 for the quarter, compared to the consensus estimate of $95.32 million. During the same quarter last year, the business posted ($0.21) EPS. The company's revenue was up .7% compared to the same quarter last year. As a group, research analysts expect that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
MXL has been the topic of several recent research reports. Stifel Nicolaus lowered their price objective on MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Loop Capital cut their price objective on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Roth Capital set a $11.00 target price on shares of MaxLinear and gave the stock a "neutral" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company boosted their price target on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $19.06.
Read Our Latest Analysis on MXL
MaxLinear Profile
(
Free Report)
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.
Further Reading
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