GSA Capital Partners LLP Makes New Investment in MaxLinear, Inc (NASDAQ:MXL)

Key Points

• GSA Capital Partners LLP acquired 82,555 shares of MaxLinear, Inc, representing a stake valued at approximately $897,000, during the first quarter of the year.
• MaxLinear's most recent earnings report showed a revenue of $108.81 million, exceeding analyst estimates, and a quarterly revenue increase of 18.3% year-over-year.
• Analysts have a consensus price target of $18.69 for MaxLinear, with ratings ranging from "buy" to "hold" from various research firms.

GSA Capital Partners LLP bought a new position in MaxLinear, Inc (NASDAQ:MXL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 82,555 shares of the semiconductor company's stock, valued at approximately $897,000. GSA Capital Partners LLP owned approximately 0.10% of MaxLinear as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MXL. Aster Capital Management DIFC Ltd purchased a new position in MaxLinear during the fourth quarter valued at approximately $34,000. Larson Financial Group LLC grew its stake in MaxLinear by 144.3% during the first quarter. Larson Financial Group LLC now owns 6,863 shares of the semiconductor company's stock valued at $75,000 after acquiring an additional 4,054 shares in the last quarter. CWM LLC grew its stake in MaxLinear by 119.6% during the first quarter. CWM LLC now owns 10,050 shares of the semiconductor company's stock valued at $109,000 after acquiring an additional 5,474 shares in the last quarter. First Trust Advisors LP purchased a new position in MaxLinear during the fourth quarter valued at approximately $280,000. Finally, Trexquant Investment LP purchased a new position in MaxLinear during the fourth quarter valued at approximately $306,000. Hedge funds and other institutional investors own 90.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Loop Capital cut their price target on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Stifel Nicolaus boosted their price target on shares of MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Roth Capital set a $11.00 price target on shares of MaxLinear and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Wells Fargo & Company boosted their price target on shares of MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised shares of MaxLinear from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.69.

MaxLinear Trading Down 3.9%

Shares of MaxLinear stock traded down $0.61 during trading on Friday, reaching $15.21. The company's stock had a trading volume of 1,928,664 shares, compared to its average volume of 1,785,745. MaxLinear, Inc has a 52-week low of $8.35 and a 52-week high of $25.73. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -6.16 and a beta of 1.69. The firm's 50-day moving average is $13.96 and its two-hundred day moving average is $13.94. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 0.25.

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