Two Sigma Investments LP Acquires 201,607 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Two Sigma Investments LP boosted its stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 27.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 929,890 shares of the semiconductor company's stock after buying an additional 201,607 shares during the period. Two Sigma Investments LP owned 1.10% of MaxLinear worth $18,393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings 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 valued at $30,173,000 after acquiring an additional 1,485,256 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in MaxLinear in the 4th quarter valued at about $25,659,000. Schonfeld Strategic Advisors LLC acquired a new stake in MaxLinear in the 4th quarter valued at about $25,027,000. Point72 Asset Management L.P. lifted its holdings 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 valued at $24,850,000 after acquiring an additional 1,190,647 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in 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 acquiring an additional 659,662 shares during the last quarter. Institutional investors own 90.79% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Roth Capital set a $11.00 price target on shares of MaxLinear and gave the company a "neutral" rating in a report on Thursday, April 24th. Loop Capital cut their price target on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Finally, Susquehanna reduced their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $19.06.

MaxLinear Trading Down 3.4%

MXL stock traded down $0.41 during mid-day trading on Wednesday, reaching $11.51. 387,708 shares of the stock traded hands, compared to its average volume of 1,443,058. The stock's fifty day moving average is $11.05 and its 200-day moving average is $15.30. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The company has a market cap of $973.71 million, a P/E ratio of -3.92 and a beta of 1.66. 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 posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $95.93 million during the quarter, compared to analysts' expectations of $95.32 million. MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. The firm's quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted ($0.21) earnings per share. As a group, sell-side analysts expect that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Ted L. Tewksbury III sold 6,071 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $10.40, for a total transaction of $63,138.40. Following the completion of the sale, the director now directly owns 74,995 shares in the company, valued at approximately $779,948. This trade represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

MaxLinear Company 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.