Driehaus Capital Management LLC Makes New Investment in MaxLinear, Inc. (NASDAQ:MXL)

Driehaus Capital Management LLC purchased a new stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 640,783 shares of the semiconductor company's stock, valued at approximately $12,675,000. Driehaus Capital Management LLC owned approximately 0.76% of MaxLinear at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MXL. The Manufacturers Life Insurance Company increased its position in shares of MaxLinear by 3,698.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock worth $30,173,000 after purchasing an additional 1,485,256 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in MaxLinear by 10.0% during 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 acquiring an additional 115,867 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in MaxLinear during the fourth quarter valued at approximately $25,027,000. Assenagon Asset Management S.A. grew its position in MaxLinear by 339.9% during 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 acquiring an additional 966,468 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in MaxLinear by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,017,311 shares of the semiconductor company's stock valued at $20,122,000 after acquiring an additional 101,896 shares during the last quarter. Institutional investors own 90.79% of the company's stock.

MaxLinear Trading Down 0.8%

NASDAQ MXL traded down $0.10 during trading on Thursday, hitting $12.69. The company had a trading volume of 236,505 shares, compared to its average volume of 1,429,546. 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 one year low of $8.35 and a one year high of $26.59. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -4.32 and a beta of 1.66. The company's fifty day moving average is $11.17 and its 200-day moving average is $15.45.

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

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Loop Capital reduced their price target on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Susquehanna reduced their price target on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Wells Fargo & Company increased their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a research note on Thursday, January 30th. Finally, 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. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $19.06.

Insider Buying and Selling at MaxLinear

In other news, Director Ted L. Tewksbury III sold 6,071 shares of MaxLinear stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $10.40, for a total value 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.80% of the company's stock.

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.