Jacobs Levy Equity Management Inc. Sells 1,023,257 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Jacobs Levy Equity Management Inc. decreased its holdings in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 94.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 65,808 shares of the semiconductor company's stock after selling 1,023,257 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.08% of MaxLinear worth $1,302,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG lifted its holdings in shares of MaxLinear by 105.8% during the fourth quarter. Deutsche Bank AG now owns 447,573 shares of the semiconductor company's stock worth $8,853,000 after purchasing an additional 230,089 shares during the period. Driehaus Capital Management LLC acquired a new position in MaxLinear during the 4th quarter worth about $12,675,000. Balyasny Asset Management L.P. bought a new stake in shares of MaxLinear in the 4th quarter valued at about $2,397,000. Bayesian Capital Management LP acquired a new stake in shares of MaxLinear in the fourth quarter valued at about $893,000. Finally, Algert Global LLC raised its position in shares of MaxLinear by 25.7% during the fourth quarter. Algert Global LLC now owns 143,347 shares of the semiconductor company's stock worth $2,835,000 after acquiring an additional 29,353 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company's stock.

Insider Activity at MaxLinear

In other news, Director Ted L. Tewksbury III sold 6,071 shares of MaxLinear 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 completion of the transaction, the director now directly owns 74,995 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 7.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. 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. Stifel Nicolaus lowered their target price on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Susquehanna cut their price target on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Finally, Roth Capital set a $11.00 price objective on MaxLinear and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.06.

MaxLinear Stock Up 0.2%

MXL traded up $0.02 during mid-day trading on Tuesday, reaching $12.07. 910,830 shares of the stock were exchanged, compared to its average volume of 1,437,388. MaxLinear, Inc. has a 1 year low of $8.35 and a 1 year 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 stock has a market capitalization of $1.02 billion, a PE ratio of -4.12 and a beta of 1.66. The company has a 50 day moving average price of $11.18 and a two-hundred day moving average price of $15.42.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $95.93 million for 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 business's revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. As a group, research analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current year.

MaxLinear 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.