1492 Capital Management LLC Has $2.16 Million Holdings in MaxLinear, Inc (NASDAQ:MXL)

1492 Capital Management LLC boosted its stake in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) by 34.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,286 shares of the semiconductor company's stock after purchasing an additional 50,799 shares during the quarter. 1492 Capital Management LLC owned 0.24% of MaxLinear worth $2,164,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of MaxLinear by 1.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 60,406 shares of the semiconductor company's stock worth $1,195,000 after purchasing an additional 631 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of MaxLinear in the 4th quarter worth about $34,000. PNC Financial Services Group Inc. grew its holdings in shares of MaxLinear by 95.4% in the 4th 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of MaxLinear by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,394 shares of the semiconductor company's stock worth $898,000 after purchasing an additional 2,004 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of MaxLinear by 1.6% in the 4th quarter. Swiss National Bank now owns 156,773 shares of the semiconductor company's stock worth $3,101,000 after purchasing an additional 2,500 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MaxLinear

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

MaxLinear Trading Down 5.2%

MaxLinear stock traded down $0.89 during trading hours on Friday, reaching $16.36. 2,783,894 shares of the company's stock traded hands, compared to its average volume of 1,549,865. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 1.55. MaxLinear, Inc has a fifty-two week low of $8.35 and a fifty-two week high of $25.73. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -6.62 and a beta of 1.72. The firm's 50 day moving average is $13.49 and its 200-day moving average is $14.04.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. MaxLinear had a negative net margin of 55.53% and a negative return on equity of 18.16%. The company had revenue of $108.81 million for the quarter, compared to the consensus estimate of $104.94 million. During the same period in the prior year, the company posted ($0.25) EPS. The company's revenue was up 18.3% compared to the same quarter last year. On average, analysts predict that MaxLinear, Inc will post -0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MXL has been the topic of several analyst reports. Wall Street Zen raised shares of MaxLinear from a "hold" rating to a "buy" rating in a report on Saturday. Roth Capital set a $11.00 price target on shares of MaxLinear and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Wells Fargo & Company upped their price target on shares of MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday. Susquehanna upped their price target on shares of MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, MaxLinear currently has an average rating of "Moderate Buy" and a consensus price target of $18.69.

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.