GSA Capital Partners LLP Acquires Shares of 82,555 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 purchased a new position in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 82,555 shares of the semiconductor company's stock, valued at approximately $897,000. GSA Capital Partners LLP owned approximately 0.10% of MaxLinear at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd bought a new position in shares of MaxLinear during the fourth quarter valued at $34,000. Larson Financial Group LLC lifted its holdings in shares of 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 during the period. CWM LLC lifted its holdings in shares of 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 during the period. First Trust Advisors LP bought a new position in shares of MaxLinear during the fourth quarter valued at $280,000. Finally, Trexquant Investment LP bought a new position in shares of MaxLinear in the fourth quarter valued at about $306,000. Institutional investors and hedge funds own 90.79% of the company's stock.

MaxLinear Stock Down 0.5%

NASDAQ MXL traded down $0.07 during trading on Monday, hitting $15.14. The stock had a trading volume of 582,481 shares, compared to its average volume of 1,620,035. MaxLinear, Inc has a 12 month low of $8.35 and a 12 month high of $25.73. The company has a market capitalization of $1.32 billion, a PE ratio of -6.13 and a beta of 1.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.55. The company's 50-day moving average price is $13.96 and its two-hundred day moving average price is $13.82.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen raised MaxLinear from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Benchmark boosted their price objective on MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Susquehanna boosted their price objective on MaxLinear from $11.00 to $15.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Loop Capital decreased their price objective on MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus boosted their price objective on MaxLinear from $16.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, MaxLinear has an average rating of "Moderate Buy" and an average target price of $18.69.

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.