Two Sigma Advisers LP Acquires 202,400 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Two Sigma Advisers LP boosted its stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 29.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 896,549 shares of the semiconductor company's stock after purchasing an additional 202,400 shares during the quarter. Two Sigma Advisers LP owned about 1.06% of MaxLinear worth $17,734,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MXL. Pacer Advisors Inc. raised its position in shares of MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock valued at $39,000 after buying an additional 443 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of MaxLinear by 1.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 60,406 shares of the semiconductor company's stock valued at $1,195,000 after buying an additional 631 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of MaxLinear during the 4th quarter valued at about $34,000. PNC Financial Services Group Inc. raised its position in shares of MaxLinear by 95.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company's stock valued at $77,000 after buying an additional 1,900 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of MaxLinear by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,394 shares of the semiconductor company's stock valued at $898,000 after buying an additional 2,004 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company's stock.

MaxLinear Trading Up 2.5%

NASDAQ:MXL traded up $0.29 during mid-day trading on Tuesday, hitting $11.86. 140,424 shares of the stock traded hands, compared to its average volume of 1,444,179. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -4.04 and a beta of 1.66. The firm's 50 day moving average is $11.07 and its two-hundred day moving average is $15.32. MaxLinear, Inc. has a 52 week low of $8.35 and a 52 week high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). The business had revenue of $95.93 million for the quarter, compared to the consensus estimate 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 firm earned ($0.21) EPS. On average, equities research analysts predict that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MXL has been the topic of several recent research reports. Loop Capital decreased their target price on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company upped their target price 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 reiterated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Benchmark reiterated a "buy" rating and set a $20.00 price target on shares of MaxLinear in a report on Thursday, April 24th. Finally, Susquehanna cut their price target on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.06.

Insiders Place Their Bets

In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $10.40, for a total value of $63,138.40. Following the transaction, the director now directly owns 74,995 shares in the company, valued at $779,948. This 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 this hyperlink. Insiders own 7.80% of the company's stock.

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.