Nuveen Asset Management LLC Buys 602,540 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Nuveen Asset Management LLC raised its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 135.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,048,406 shares of the semiconductor company's stock after acquiring an additional 602,540 shares during the period. Nuveen Asset Management LLC owned approximately 1.24% of MaxLinear worth $20,737,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MXL. The Manufacturers Life Insurance Company raised its position in shares of MaxLinear by 3,698.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock valued at $30,173,000 after acquiring an additional 1,485,256 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of MaxLinear in the 4th quarter valued at $25,027,000. Victory Capital Management Inc. increased its position in shares of MaxLinear by 422.1% in the 4th quarter. Victory Capital Management Inc. now owns 815,931 shares of the semiconductor company's stock valued at $16,139,000 after buying an additional 659,662 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in shares of MaxLinear in the 4th quarter valued at $12,675,000. Finally, Millennium Management LLC increased its position in shares of MaxLinear by 311.9% in the 4th quarter. Millennium Management LLC now owns 841,993 shares of the semiconductor company's stock valued at $16,655,000 after buying an additional 637,567 shares in the last quarter. Institutional investors own 90.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MXL shares. Roth Capital set a $11.00 price objective on shares of MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th. Benchmark restated a "buy" rating and issued a $20.00 price objective on shares of MaxLinear in a research report on Thursday, April 24th. Wells Fargo & Company upped their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Stifel Nicolaus lowered their price objective on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a research 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $19.06.

MaxLinear Stock Up 2.7%

NASDAQ MXL traded up $0.31 on Thursday, reaching $11.74. The company had a trading volume of 186,306 shares, compared to its average volume of 1,710,231. The firm has a market capitalization of $993.60 million, a price-to-earnings ratio of -4.01 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. MaxLinear, Inc. has a 1-year low of $8.35 and a 1-year high of $26.59. The company's fifty day moving average is $11.02 and its 200-day moving average is $15.27.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.05). The firm had revenue of $95.93 million during the quarter, compared to analyst estimates of $95.32 million. MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. The company's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.21) EPS. On average, research analysts forecast that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ted L. Tewksbury III sold 6,071 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $10.40, for a total value of $63,138.40. Following the completion of the transaction, the director now owns 74,995 shares in the company, valued at $779,948. This trade represents a 7.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.80% of the company's stock.

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.