MaxLinear, Inc. (NASDAQ:MXL) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 85.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,288 shares of the semiconductor company's stock after selling 491,640 shares during the period. Marshall Wace LLP owned approximately 0.10% of MaxLinear worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its position in MaxLinear by 339.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock worth $24,740,000 after buying an additional 966,468 shares during the last quarter. JPMorgan Chase & Co. grew its position in MaxLinear by 44.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company's stock worth $13,550,000 after purchasing an additional 288,607 shares during the period. Barclays PLC raised its stake in shares of MaxLinear by 47.6% during the 3rd quarter. Barclays PLC now owns 335,804 shares of the semiconductor company's stock valued at $4,860,000 after buying an additional 108,346 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of MaxLinear by 10.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company's stock valued at $25,098,000 after buying an additional 115,867 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of MaxLinear by 19.1% in the fourth quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company's stock worth $82,000 after buying an additional 662 shares during the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MXL. Loop Capital lowered their price objective on MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a research report on Tuesday. Stifel Nicolaus lowered 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. Wells Fargo & Company increased their target price on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Benchmark reaffirmed a "buy" rating and set a $20.00 price objective on shares of MaxLinear in a report on Thursday, April 24th. Finally, Northland Securities upped their price target on shares of MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.06.

MaxLinear Trading Up 5.8 %

Shares of NASDAQ MXL traded up $0.59 during trading on Friday, hitting $10.69. 1,402,106 shares of the company were exchanged, compared to its average volume of 1,411,477. MaxLinear, Inc. has a 12-month low of $8.35 and a 12-month high of $26.59. The firm has a market capitalization of $904.74 million, a PE ratio of -3.65 and a beta of 1.66. The company has a fifty day moving average price of $11.58 and a 200-day moving average price of $15.63. 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 (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $95.32 million. During the same period last year, the company earned ($0.21) EPS. The company's quarterly revenue was up .7% on a year-over-year basis. As a group, equities research analysts expect 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.