Nomura Holdings Inc. Invests $1.43 Million in MaxLinear, Inc. (NASDAQ:MXL)

Nomura Holdings Inc. acquired a new position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 72,256 shares of the semiconductor company's stock, valued at approximately $1,429,000. Nomura Holdings Inc. owned approximately 0.09% of MaxLinear as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MXL. The Manufacturers Life Insurance Company raised its holdings in shares of MaxLinear by 3,698.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock valued at $30,173,000 after acquiring an additional 1,485,256 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of MaxLinear during the fourth quarter worth about $25,027,000. Victory Capital Management Inc. increased its position in shares of MaxLinear by 422.1% in the fourth quarter. Victory Capital Management Inc. now owns 815,931 shares of the semiconductor company's stock worth $16,139,000 after purchasing an additional 659,662 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in MaxLinear in the fourth quarter valued at approximately $12,675,000. Finally, Millennium Management LLC raised its stake in MaxLinear by 311.9% in the fourth quarter. Millennium Management LLC now owns 841,993 shares of the semiconductor company's stock valued at $16,655,000 after purchasing an additional 637,567 shares in the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

MaxLinear Trading Down 2.8%

NASDAQ MXL traded down $0.33 during trading on Friday, hitting $11.34. 229,619 shares of the company's stock traded hands, compared to its average volume of 1,439,246. The stock has a fifty day moving average of $11.12 and a two-hundred day moving average of $15.36. MaxLinear, Inc. has a 12-month low of $8.35 and a 12-month high of $26.59. The firm has a market cap of $959.83 million, a P/E ratio of -3.88 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28.

MaxLinear (NASDAQ:MXL - Get Free Report) last released 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 company had revenue of $95.93 million during the quarter, compared to analyst estimates of $95.32 million. During the same quarter in the previous year, the company posted ($0.21) EPS. MaxLinear's revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts expect that MaxLinear, Inc. will post -0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MXL shares. Stifel Nicolaus decreased their price target on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Loop Capital cut their target price on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Susquehanna lowered their price target on MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Benchmark reiterated a "buy" rating and issued a $20.00 price objective on shares of MaxLinear in a report on Thursday, April 24th. Finally, Roth Capital set a $11.00 price objective on MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, MaxLinear has an average rating of "Hold" and a consensus target price of $19.06.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were 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 in the company, valued at approximately $779,948. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.