Fox Run Management L.L.C. Boosts Position in MaxLinear, Inc $MXL

Key Points

• Fox Run Management L.L.C. has increased its stake in MaxLinear, Inc. by 55.9%, owning 99,127 shares valued at approximately $1.08 million after acquiring an additional 35,533 shares in the first quarter.
• MaxLinear's recent earnings report showed a revenue increase of 18.3% year-over-year, with EPS of $0.02 meeting analysts' expectations, while the company anticipates a projected EPS of -0.37 for the current fiscal year.
• Analysts have mixed views on MaxLinear, with a consensus rating of "Moderate Buy" and a price target averaging $19.31, despite various institutions adjusting their holdings in the company.

Fox Run Management L.L.C. increased its position in MaxLinear, Inc (NASDAQ:MXL - Free Report) by 55.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 99,127 shares of the semiconductor company's stock after acquiring an additional 35,533 shares during the quarter. Fox Run Management L.L.C. owned about 0.12% of MaxLinear worth $1,077,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MXL. The Manufacturers Life Insurance Company boosted its stake in MaxLinear by 3,698.1% in 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 purchasing an additional 1,485,256 shares during the period. Invesco Ltd. boosted its stake in MaxLinear by 414.8% in the 1st quarter. Invesco Ltd. now owns 1,684,247 shares of the semiconductor company's stock worth $18,291,000 after purchasing an additional 1,357,093 shares during the period. Point72 Hong Kong Ltd bought a new position in MaxLinear in the 4th quarter worth about $25,659,000. Schonfeld Strategic Advisors LLC bought a new position in MaxLinear in the 4th quarter worth about $25,027,000. Finally, Point72 Asset Management L.P. boosted its stake in MaxLinear by 1,813.5% in the 4th quarter. Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company's stock worth $24,850,000 after purchasing an additional 1,190,647 shares during the period. Hedge funds and other institutional investors own 90.79% of the company's stock.

MaxLinear Price Performance

NASDAQ:MXL traded up $0.13 during mid-day trading on Monday, reaching $15.42. The stock had a trading volume of 763,997 shares, compared to its average volume of 1,604,121. The firm has a 50 day moving average price of $14.73 and a two-hundred day moving average price of $13.32. The stock has a market capitalization of $1.34 billion, a P/E ratio of -6.24 and a beta of 1.69. MaxLinear, Inc has a one year low of $8.35 and a one year high of $25.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.55.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen upgraded MaxLinear from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Susquehanna raised their target price on MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Stifel Nicolaus lifted their price target on MaxLinear from $16.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Benchmark lifted their price target on MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Roth Capital set a $11.00 price target on MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, MaxLinear presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.31.

MaxLinear 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.