Voloridge Investment Management LLC reduced its position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 779,246 shares of the semiconductor company's stock after selling 152,009 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.92% of MaxLinear worth $15,413,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in MaxLinear during the fourth quarter worth approximately $34,000. Pacer Advisors Inc. raised its stake in shares of MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 443 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of MaxLinear during the fourth quarter worth approximately $45,000. R Squared Ltd acquired a new position in MaxLinear during the fourth quarter worth $45,000. Finally, Larson Financial Group LLC grew its holdings in MaxLinear by 3,092.0% during the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock worth $56,000 after acquiring an additional 2,721 shares during the period. 90.79% of the stock is owned by institutional investors and hedge funds.
MaxLinear Price Performance
Shares of MXL traded up $0.20 during midday trading on Thursday, reaching $11.63. The stock had a trading volume of 243,925 shares, compared to its average volume of 1,445,349. The firm's 50 day moving average price is $11.02 and its 200-day moving average price is $15.27. The company has a market capitalization of $984.46 million, a P/E ratio of -3.97 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. 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 announced its 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). The company had revenue of $95.93 million for the quarter, compared to analyst estimates of $95.32 million. MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. MaxLinear's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.21) earnings per share. On average, analysts forecast that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.
Insider Activity at MaxLinear
In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the business'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 transaction, the director now owns 74,995 shares in the company, valued at $779,948. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 7.80% of the stock is owned by insiders.
Analysts Set New Price Targets
MXL has been the topic of several research reports. Susquehanna lowered their target price on MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus reduced their target price on MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company raised their price objective on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Benchmark reissued a "buy" rating and set a $20.00 price target on shares of MaxLinear in a research report on Thursday, April 24th. Finally, Loop Capital decreased their price objective on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $19.06.
Read Our Latest Research Report on MXL
MaxLinear Company Profile
(
Free Report)
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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