Numerai GP LLC Decreases Holdings in MaxLinear, Inc. (NASDAQ:MXL)

Numerai GP LLC lowered its position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 56.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,497 shares of the semiconductor company's stock after selling 93,586 shares during the period. Numerai GP LLC owned about 0.09% of MaxLinear worth $1,434,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in MaxLinear by 3,698.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock valued at $30,173,000 after buying an additional 1,485,256 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in MaxLinear in the 4th quarter worth approximately $25,027,000. Assenagon Asset Management S.A. lifted its position in shares of 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 valued at $24,740,000 after buying an additional 966,468 shares in the last quarter. Victory Capital Management Inc. boosted its stake in MaxLinear by 422.1% during the 4th quarter. Victory Capital Management Inc. now owns 815,931 shares of the semiconductor company's stock worth $16,139,000 after purchasing an additional 659,662 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in shares of MaxLinear during the 4th quarter worth $12,675,000. Institutional investors own 90.79% of the company's stock.

Insider Buying and Selling at MaxLinear

In other MaxLinear 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 transaction of $63,138.40. Following the completion of the transaction, the director now directly owns 74,995 shares of the company's stock, valued at approximately $779,948. This trade represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.80% of the stock is owned by corporate insiders.

MaxLinear Stock Performance

NASDAQ MXL traded down $0.44 on Monday, hitting $11.99. 197,461 shares of the company's stock traded hands, compared to its average volume of 1,436,910. 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 firm has a market capitalization of $1.02 billion, a PE ratio of -4.09 and a beta of 1.66. The firm's 50-day moving average price is $11.20 and its two-hundred day moving average price is $15.43. 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 issued its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. The firm had revenue of $95.93 million for the quarter, compared to analysts' expectations of $95.32 million. During the same quarter last year, the company earned ($0.21) earnings per share. The firm's revenue was up .7% compared to the same quarter last year. As a group, analysts expect that MaxLinear, Inc. will post -0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

MXL has been the subject of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and issued a $20.00 price target on shares of MaxLinear in a report on Thursday, April 24th. Roth Capital set a $11.00 price target on shares of MaxLinear and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Stifel Nicolaus cut their target price on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company raised their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Finally, Loop Capital decreased their target price on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, MaxLinear currently has an average rating of "Hold" and an average target price of $19.06.

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.