Invesco Ltd. trimmed its position in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 94.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 327,154 shares of the semiconductor company's stock after selling 5,724,695 shares during the period. Invesco Ltd. owned 0.39% of MaxLinear worth $6,471,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in shares of MaxLinear by 339.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock valued at $24,740,000 after acquiring an additional 966,468 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of MaxLinear by 44.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company's stock valued at $13,550,000 after purchasing an additional 288,607 shares in the last quarter. Barclays PLC lifted its stake in MaxLinear by 47.6% during the third quarter. Barclays PLC now owns 335,804 shares of the semiconductor company's stock valued at $4,860,000 after purchasing an additional 108,346 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in MaxLinear by 10.0% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company's stock worth $25,098,000 after buying an additional 115,867 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of MaxLinear by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company's stock worth $82,000 after purchasing an additional 662 shares during the period. Institutional investors own 90.79% of the company's stock.
MaxLinear Stock Up 2.5 %
MaxLinear stock traded up $0.25 during mid-day trading on Thursday, hitting $10.24. 202,552 shares of the company's stock were exchanged, compared to its average volume of 1,404,454. The stock has a market cap of $866.23 million, a P/E ratio of -3.52 and a beta of 1.82. 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 stock has a 50 day moving average of $11.70 and a two-hundred day moving average of $15.66. MaxLinear, Inc. has a 1-year low of $8.35 and a 1-year high of $26.59.
MaxLinear (NASDAQ:MXL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. The firm had revenue of $95.93 million for the quarter, compared to analyst estimates of $95.32 million. During the same quarter last year, the firm posted ($0.21) EPS. The company's revenue was up .7% on a year-over-year basis. As a group, analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
MXL has been the subject of several recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Susquehanna reduced their target price on MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Wells Fargo & Company upped their price target on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Loop Capital decreased 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. Finally, Roth Capital set a $11.00 target price on MaxLinear and gave the company a "neutral" rating in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $19.06.
Check Out Our Latest Stock Analysis on MaxLinear
About MaxLinear
(
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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