Marshall Wace LLP Sells 491,640 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Marshall Wace LLP decreased its stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 85.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 85,288 shares of the semiconductor company's stock after selling 491,640 shares during the period. Marshall Wace LLP owned 0.10% of MaxLinear worth $1,687,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MXL. Guggenheim Capital LLC acquired a new position in MaxLinear during the 4th quarter worth $469,000. Barclays PLC increased its stake in shares of MaxLinear by 66.9% in the fourth quarter. Barclays PLC now owns 560,313 shares of the semiconductor company's stock worth $11,083,000 after purchasing an additional 224,509 shares during the period. Raymond James Financial Inc. bought a new stake in MaxLinear during the 4th quarter valued at approximately $1,671,000. Aster Capital Management DIFC Ltd bought a new stake in MaxLinear during the 4th quarter valued at approximately $34,000. Finally, Hel Ved Capital Management Ltd acquired a new stake in MaxLinear in the 4th quarter valued at approximately $3,317,000. 90.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MXL has been the subject of several research reports. 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. Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Northland Securities upped their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a research report on Monday, January 6th. Benchmark reiterated a "buy" rating and issued a $20.00 target price on shares of MaxLinear in a research note on Thursday, April 24th. Finally, Loop Capital lowered their price target on MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Five investment analysts have rated the stock with a hold rating and four have given 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 Price Performance

NASDAQ MXL traded up $0.59 during trading on Friday, reaching $10.69. 1,402,106 shares of the company traded hands, compared to its average volume of 1,416,758. MaxLinear, Inc. has a 1-year low of $8.35 and a 1-year high of $26.59. The company has a market cap of $904.74 million, a price-to-earnings ratio of -3.65 and a beta of 1.66. The stock's 50 day moving average price is $11.51 and its two-hundred day moving average price is $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 posted its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. The business had revenue of $95.93 million during the quarter, compared to the consensus estimate of $95.32 million. During the same quarter last year, the company earned ($0.21) EPS. MaxLinear'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 year.

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.