Teacher Retirement System of Texas Makes New Investment in MaxLinear, Inc (NASDAQ:MXL)

Teacher Retirement System of Texas purchased a new position in MaxLinear, Inc (NASDAQ:MXL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,500 shares of the semiconductor company's stock, valued at approximately $266,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of MaxLinear in the 4th quarter valued at about $1,671,000. PNC Financial Services Group Inc. lifted its stake in shares of MaxLinear by 95.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company's stock valued at $77,000 after purchasing an additional 1,900 shares in the last quarter. Swiss National Bank lifted its stake in shares of MaxLinear by 1.6% in the 4th quarter. Swiss National Bank now owns 156,773 shares of the semiconductor company's stock valued at $3,101,000 after purchasing an additional 2,500 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of MaxLinear by 11.5% in the 4th quarter. Natixis Advisors LLC now owns 253,764 shares of the semiconductor company's stock valued at $5,019,000 after purchasing an additional 26,271 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of MaxLinear in the 4th quarter valued at about $322,000. 90.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on MXL shares. Roth Capital set a $11.00 target price on MaxLinear and gave the company a "neutral" rating in a report on Thursday, April 24th. Stifel Nicolaus raised their target price on MaxLinear from $16.00 to $18.00 and gave the company a "buy" rating in a report on Friday. Benchmark reiterated a "buy" rating and set a $20.00 target price on shares of MaxLinear in a report on Thursday, April 24th. Loop Capital dropped their target price on MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Finally, Wells Fargo & Company set a $13.00 price objective on MaxLinear and gave the stock an "equal weight" rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, MaxLinear presently has a consensus rating of "Hold" and an average target price of $18.44.

Insider Activity at MaxLinear

In other news, Director Ted L. Tewksbury III sold 6,071 shares of the company's stock in a transaction on 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 directly owned 74,995 shares of the company's stock, valued at $779,948. This represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.80% of the stock is currently owned by corporate insiders.

MaxLinear Trading Up 3.9%

NASDAQ:MXL opened at $16.20 on Friday. MaxLinear, Inc has a 12-month low of $8.35 and a 12-month high of $25.73. The firm has a market capitalization of $1.37 billion, a P/E ratio of -6.16 and a beta of 1.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.63 and a quick ratio of 1.19. The business has a 50 day simple moving average of $13.15 and a 200 day simple moving average of $14.19.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced 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). MaxLinear had a negative return on equity of 21.86% and a negative net margin of 61.63%. The company had revenue of $95.93 million during the quarter, compared to analyst estimates of $95.32 million. During the same quarter in the previous year, the firm posted ($0.21) EPS. The firm's quarterly revenue was up .7% on a year-over-year basis. Equities research analysts predict that MaxLinear, Inc will post -0.37 EPS for the current year.

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.

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