Weybosset Research & Management LLC Grows Position in MaxLinear, Inc. (NASDAQ:MXL)

Weybosset Research & Management LLC increased its position in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 134.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,971 shares of the semiconductor company's stock after purchasing an additional 124,240 shares during the quarter. MaxLinear accounts for approximately 0.8% of Weybosset Research & Management LLC's investment portfolio, making the stock its 24th largest holding. Weybosset Research & Management LLC owned 0.26% of MaxLinear worth $2,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MXL. GAMMA Investing LLC raised its position in MaxLinear by 889.1% during the first quarter. GAMMA Investing LLC now owns 40,888 shares of the semiconductor company's stock valued at $444,000 after acquiring an additional 36,754 shares in the last quarter. Wellington Management Group LLP purchased a new position in MaxLinear during the fourth quarter valued at approximately $3,709,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in MaxLinear by 5.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,210 shares of the semiconductor company's stock valued at $2,912,000 after acquiring an additional 7,711 shares in the last quarter. Two Sigma Advisers LP raised its position in MaxLinear by 29.2% during the fourth quarter. Two Sigma Advisers LP now owns 896,549 shares of the semiconductor company's stock valued at $17,734,000 after acquiring an additional 202,400 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in MaxLinear by 27.7% during the fourth quarter. Two Sigma Investments LP now owns 929,890 shares of the semiconductor company's stock valued at $18,393,000 after acquiring an additional 201,607 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MXL. Benchmark reiterated a "buy" rating and set a $20.00 price target on shares of MaxLinear in a research report on Thursday, April 24th. Loop Capital cut their price objective on MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Stifel Nicolaus cut their price objective on MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Roth Capital set a $11.00 price objective on MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, MaxLinear has a consensus rating of "Hold" and an average target price of $19.06.

MaxLinear Price Performance

Shares of MXL traded up $0.23 during trading hours on Thursday, hitting $12.44. 246,580 shares of the stock were exchanged, compared to its average volume of 1,463,411. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. MaxLinear, Inc. has a 12-month low of $8.35 and a 12-month high of $26.59. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -4.25 and a beta of 1.66. The stock's 50-day moving average price is $10.96 and its two-hundred day moving average price is $15.16.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued 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 firm had revenue of $95.93 million during the quarter, compared to analysts' expectations of $95.32 million. MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.21) earnings per share. Research analysts expect that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Insiders Place Their Bets

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 value of $63,138.40. Following the transaction, the director now owns 74,995 shares of the company's stock, valued at $779,948. This represents a 7.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.