GAMMA Investing LLC lifted its position in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) by 889.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,888 shares of the semiconductor company's stock after purchasing an additional 36,754 shares during the period. GAMMA Investing LLC's holdings in MaxLinear were worth $444,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in MaxLinear by 1.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 60,406 shares of the semiconductor company's stock valued at $1,195,000 after acquiring an additional 631 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in MaxLinear in the fourth quarter valued at $34,000. PNC Financial Services Group Inc. lifted its position in MaxLinear by 95.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company's stock valued at $77,000 after acquiring an additional 1,900 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in MaxLinear by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,394 shares of the semiconductor company's stock valued at $898,000 after acquiring an additional 2,004 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in MaxLinear in the fourth quarter valued at $45,000. 90.79% of the stock is owned by hedge funds and other institutional investors.
MaxLinear Stock Performance
Shares of MaxLinear stock traded up $0.06 on Friday, reaching $13.17. 1,247,773 shares of the stock were exchanged, compared to its average volume of 1,485,719. MaxLinear, Inc has a 1-year low of $8.35 and a 1-year high of $26.59. The company has a current ratio of 1.63, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $11.47 and a two-hundred day moving average price of $14.93. The firm has a market capitalization of $1.11 billion, a PE ratio of -5.01 and a beta of 1.68.
MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). MaxLinear had a negative net margin of 61.63% and a negative return on equity of 21.86%. The business had revenue of $95.93 million for the quarter, compared to analyst estimates of $95.32 million. During the same period in the previous year, the business posted ($0.21) earnings per share. The business's revenue was up .7% compared to the same quarter last year. As a group, research analysts anticipate that MaxLinear, Inc will post -0.37 earnings per share for the current fiscal year.
Insider Transactions at MaxLinear
In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $10.40, for a total transaction of $63,138.40. Following the transaction, the director now directly 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 filing with the SEC, which can be accessed through this link. Company insiders own 7.80% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Loop Capital dropped their price objective on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus dropped their price objective 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. Benchmark restated a "buy" rating and issued a $20.00 price objective on shares of MaxLinear in a research note on Thursday, April 24th. Finally, Roth Capital set a $11.00 price objective on shares of MaxLinear and gave the company a "neutral" rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, MaxLinear presently has an average rating of "Hold" and an average target price of $19.06.
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About MaxLinear
(
Free Report)
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.
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