Barclays PLC Raises Holdings in MaxLinear, Inc. (NASDAQ:MXL)

Barclays PLC boosted its stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 66.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 560,313 shares of the semiconductor company's stock after acquiring an additional 224,509 shares during the quarter. Barclays PLC owned about 0.66% of MaxLinear worth $11,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in MaxLinear by 339.9% in 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 purchasing an additional 966,468 shares during the period. JPMorgan Chase & Co. grew its position in MaxLinear by 44.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company's stock valued at $13,550,000 after acquiring an additional 288,607 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in 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 acquiring an additional 115,867 shares during the last quarter. GAMMA Investing LLC increased its stake in 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 purchasing an additional 662 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of MaxLinear by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 374,722 shares of the semiconductor company's stock worth $7,412,000 after purchasing an additional 12,838 shares during the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

MaxLinear Stock Up 5.1 %

MXL stock traded up $0.49 during trading on Friday, reaching $10.14. 2,402,503 shares of the company traded hands, compared to its average volume of 1,400,811. The business has a 50 day simple moving average of $12.11 and a 200 day simple moving average of $15.74. MaxLinear, Inc. has a 12 month low of $8.35 and a 12 month 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 company has a market capitalization of $858.19 million, a price-to-earnings ratio of -3.46 and a beta of 1.82.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. On average, equities research analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MXL has been the topic of a number of research analyst reports. Benchmark restated a "buy" rating and issued a $20.00 target price on shares of MaxLinear in a research note on Thursday. Roth Capital set a $11.00 price objective on MaxLinear and gave the stock a "neutral" rating in a report on Thursday. Susquehanna decreased their target price on MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Northland Securities increased their price target on MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Finally, Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, MaxLinear currently has an average rating of "Moderate Buy" and a consensus target price of $20.36.

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.