Algert Global LLC Buys 29,353 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Algert Global LLC grew its holdings in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 25.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 143,347 shares of the semiconductor company's stock after acquiring an additional 29,353 shares during the quarter. Algert Global LLC owned 0.17% of MaxLinear worth $2,835,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Comerica Bank increased its holdings in MaxLinear by 5.4% during the 4th quarter. Comerica Bank now owns 300,943 shares of the semiconductor company's stock worth $5,953,000 after purchasing an additional 15,284 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of MaxLinear during the fourth quarter worth about $25,027,000. The Manufacturers Life Insurance Company grew its holdings in shares of MaxLinear by 3,698.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock worth $30,173,000 after buying an additional 1,485,256 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of MaxLinear during the fourth quarter worth about $4,181,000. Finally, Price T Rowe Associates Inc. MD raised its position in MaxLinear by 1.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 60,406 shares of the semiconductor company's stock valued at $1,195,000 after buying an additional 631 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company's stock.

MaxLinear Stock Up 3.9%

MXL traded up $0.48 during trading on Tuesday, reaching $12.72. 315,380 shares of the stock were exchanged, compared to its average volume of 1,424,123. 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's 50 day moving average price is $11.15 and its two-hundred day moving average price is $15.48. MaxLinear, Inc. has a twelve month low of $8.35 and a twelve month high of $26.59. The stock has a market cap of $1.08 billion, a P/E ratio of -4.34 and a beta of 1.66.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, meeting analysts' consensus estimates of ($0.05). The company had revenue of $95.93 million during the quarter, compared to the consensus estimate of $95.32 million. MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. The company's quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) EPS. Equities analysts expect that MaxLinear, Inc. will post -0.37 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MXL shares. Susquehanna reduced their price target on MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Stifel Nicolaus decreased their target price on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Benchmark reissued a "buy" rating and set a $20.00 price target on shares of MaxLinear in a research report on Thursday, April 24th. Finally, Loop Capital reduced their price objective 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, MaxLinear currently has a consensus rating of "Hold" and a consensus target price of $19.06.

Insider Buying and Selling

In other news, Director Ted L. Tewksbury III sold 6,071 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 74,995 shares of the company's stock, valued at $779,948. This trade represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 7.80% of the stock is currently owned by corporate insiders.

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.