MaxLinear, Inc (NASDAQ:MXL) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased 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 disclosure with the SEC. The fund owned 40,888 shares of the semiconductor company's stock after purchasing an additional 36,754 shares during the quarter. GAMMA Investing LLC's holdings in MaxLinear were worth $444,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new position in shares of MaxLinear in the fourth quarter worth about $3,709,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of MaxLinear by 5.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,210 shares of the semiconductor company's stock valued at $2,912,000 after purchasing an additional 7,711 shares during the period. Two Sigma Advisers LP boosted its stake in shares of MaxLinear by 29.2% during the 4th quarter. Two Sigma Advisers LP now owns 896,549 shares of the semiconductor company's stock worth $17,734,000 after acquiring an additional 202,400 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of MaxLinear by 27.7% during the 4th quarter. Two Sigma Investments LP now owns 929,890 shares of the semiconductor company's stock worth $18,393,000 after acquiring an additional 201,607 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of MaxLinear by 1,813.5% in the fourth quarter. Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company's stock worth $24,850,000 after buying an additional 1,190,647 shares during the period. 90.79% of the stock is owned by institutional investors and hedge funds.

MaxLinear Trading Down 0.6%

MXL stock traded down $0.08 during trading on Monday, hitting $13.09. The company had a trading volume of 694,666 shares, compared to its average volume of 1,477,820. The company has a quick ratio of 1.19, a current ratio of 1.63 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1.11 billion, a P/E ratio of -4.98 and a beta of 1.68. The company has a 50 day simple moving average of $11.54 and a 200-day simple moving average of $14.83. MaxLinear, Inc has a 52-week low of $8.35 and a 52-week high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted 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). The company had revenue of $95.93 million during the quarter, compared to analyst estimates of $95.32 million. MaxLinear had a negative net margin of 61.63% and a negative return on equity of 21.86%. MaxLinear's revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm posted ($0.21) EPS. As a group, research analysts forecast that MaxLinear, Inc will post -0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MXL has been the topic of a number of recent research reports. Loop Capital decreased their price objective on MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Benchmark reaffirmed a "buy" rating and issued a $20.00 target price on shares of MaxLinear in a research note on Thursday, April 24th. Roth Capital set a $11.00 target price on shares of MaxLinear and gave the company a "neutral" rating in a report on Thursday, April 24th. Finally, Stifel Nicolaus lowered 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, MaxLinear presently has a consensus rating of "Hold" and an average price target of $19.06.

Insider Activity at MaxLinear

In other news, Director Ted L. Tewksbury III sold 6,071 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $10.40, for a total transaction of $63,138.40. Following the completion of the sale, the director now owns 74,995 shares in the company, valued at approximately $779,948. The trade was a 7.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.80% of the stock is currently owned by insiders.

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.