BNP Paribas Financial Markets Sells 152,076 Shares of MaxLinear, Inc. (NASDAQ:MXL)

BNP Paribas Financial Markets decreased its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 60.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,468 shares of the semiconductor company's stock after selling 152,076 shares during the quarter. BNP Paribas Financial Markets owned about 0.12% of MaxLinear worth $1,987,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MXL. The Manufacturers Life Insurance Company boosted its stake in MaxLinear by 3,698.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock worth $30,173,000 after acquiring an additional 1,485,256 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in MaxLinear by 10.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company's stock worth $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 4th quarter worth approximately $25,027,000. Charles Schwab Investment Management Inc. boosted its stake in MaxLinear by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,017,311 shares of the semiconductor company's stock worth $20,122,000 after acquiring an additional 101,896 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in MaxLinear by 422.1% during the 4th quarter. Victory Capital Management Inc. now owns 815,931 shares of the semiconductor company's stock worth $16,139,000 after acquiring an additional 659,662 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company's stock.

Insider Buying and Selling

In related news, Director Ted L. Tewksbury III sold 6,071 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $10.40, for a total transaction of $63,138.40. Following the completion of the transaction, the director now owns 74,995 shares in the company, valued at approximately $779,948. This represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a research note on Thursday, January 30th. Benchmark reissued a "buy" rating and set a $20.00 price objective on shares of MaxLinear in a research note on Thursday, April 24th. Wells Fargo & Company lifted their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Susquehanna cut their price target on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Finally, Stifel Nicolaus cut their price target on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $19.06.

MaxLinear Stock Down 0.9%

MXL traded down $0.10 during trading on Friday, reaching $11.57. The company had a trading volume of 771,429 shares, compared to its average volume of 1,445,229. 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, Inc. has a 12 month low of $8.35 and a 12 month high of $26.59. The business's fifty day moving average price is $11.10 and its 200 day moving average price is $15.35. The company has a market cap of $979.22 million, a P/E ratio of -3.95 and a beta of 1.66.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly 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 net margin of 68.01% and a negative return on equity of 21.94%. The firm had revenue of $95.93 million for the quarter, compared to analyst estimates of $95.32 million. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. The business's revenue was up .7% on a year-over-year basis. Equities analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current year.

MaxLinear Company 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.