ExodusPoint Capital Management LP Invests $1.86 Million in MaxLinear, Inc. (NASDAQ:MXL)

ExodusPoint Capital Management LP acquired a new stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 93,982 shares of the semiconductor company's stock, valued at approximately $1,859,000. ExodusPoint Capital Management LP owned 0.11% of MaxLinear at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MXL. Pacer Advisors Inc. increased its position 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 valued at $39,000 after purchasing an additional 443 shares during the period. R Squared Ltd bought a new position in shares of MaxLinear during the 4th quarter worth about $45,000. Wealthfront Advisers LLC acquired a new stake in shares of MaxLinear during the 4th quarter valued at about $45,000. Larson Financial Group LLC increased its stake in MaxLinear by 3,092.0% in the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock valued at $56,000 after acquiring an additional 2,721 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in MaxLinear by 95.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company's stock worth $77,000 after purchasing an additional 1,900 shares during the period. Institutional investors and hedge funds own 90.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities upped their target price on shares of MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Wells Fargo & Company increased their price objective on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Susquehanna lowered 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, Benchmark restated a "buy" rating and set a $28.00 target price on shares of MaxLinear in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $25.50.

MaxLinear Stock Up 3.9 %

MXL stock traded up $0.38 during trading on Monday, reaching $10.22. The stock had a trading volume of 246,655 shares, compared to its average volume of 1,368,032. The company has a market capitalization of $864.96 million, a price-to-earnings ratio of -3.49 and a beta of 1.82. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The company's 50 day moving average is $13.42 and its two-hundred day moving average is $16.01. MaxLinear, Inc. has a one year low of $8.35 and a one year high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. Equities research analysts forecast that MaxLinear, Inc. will post -0.37 EPS for the current year.

MaxLinear 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.