Voloridge Investment Management LLC Sells 152,009 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Voloridge Investment Management LLC lessened its holdings in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 16.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 779,246 shares of the semiconductor company's stock after selling 152,009 shares during the period. Voloridge Investment Management LLC owned approximately 0.92% of MaxLinear worth $15,413,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of MaxLinear in the 4th quarter worth approximately $34,000. Pacer Advisors Inc. lifted its holdings in MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 443 shares during the last quarter. R Squared Ltd bought a new position in MaxLinear during the fourth quarter worth about $45,000. Wealthfront Advisers LLC bought a new position in MaxLinear during the fourth quarter worth about $45,000. Finally, Larson Financial Group LLC increased its stake in shares of MaxLinear by 3,092.0% in the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock worth $56,000 after purchasing an additional 2,721 shares in the last quarter. 90.79% of the stock is owned by institutional investors.

MaxLinear Price Performance

MaxLinear stock traded down $0.48 during midday trading on Wednesday, hitting $11.43. 966,323 shares of the company's stock were exchanged, compared to its average volume of 1,445,784. MaxLinear, Inc. has a 52-week low of $8.35 and a 52-week high of $26.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The company has a market cap of $967.11 million, a P/E ratio of -3.90 and a beta of 1.66. The stock has a 50-day moving average price of $11.05 and a two-hundred day moving average price of $15.30.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The company 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 firm's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) earnings per share. On average, equities research analysts forecast that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on MXL shares. Wells Fargo & Company raised their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Benchmark reissued a "buy" rating and set a $20.00 price objective on shares of MaxLinear in a report on Thursday, April 24th. Loop Capital reduced their target price on MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Finally, Stifel Nicolaus decreased their price target on MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, MaxLinear presently has an average rating of "Hold" and an average target price of $19.06.

Insider Transactions at MaxLinear

In other 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 value of $63,138.40. Following the transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.80% of the company's stock.

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.