MaxLinear, Inc. (NASDAQ:MXL) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. decreased its stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 960,471 shares of the semiconductor company's stock after selling 36,363 shares during the period. D. E. Shaw & Co. Inc. owned approximately 1.13% of MaxLinear worth $18,998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MXL. Barclays PLC increased its stake in MaxLinear by 47.6% during the 3rd quarter. Barclays PLC now owns 335,804 shares of the semiconductor company's stock worth $4,860,000 after buying an additional 108,346 shares during the period. Assenagon Asset Management S.A. increased its position in shares of MaxLinear by 339.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock worth $24,740,000 after acquiring an additional 966,468 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of MaxLinear by 29.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 443 shares in the last quarter. R Squared Ltd purchased a new position in MaxLinear in the fourth quarter valued at about $45,000. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in MaxLinear by 10.0% in the fourth 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 purchasing an additional 115,867 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company's stock.

MaxLinear Price Performance

Shares of NASDAQ:MXL opened at $12.24 on Tuesday. The company has a market cap of $1.04 billion, a PE ratio of -4.18 and a beta of 1.66. MaxLinear, Inc. has a fifty-two week low of $8.35 and a fifty-two week high of $26.59. The firm has a 50-day simple moving average of $11.15 and a 200 day simple moving average of $15.48. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24.

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, meeting the consensus estimate of ($0.05). The company had revenue of $95.93 million during the quarter, compared to analyst estimates of $95.32 million. MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. The business's revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.21) earnings per share. On average, sell-side analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MXL. Loop Capital cut their target price on MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company upped their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Susquehanna decreased their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Benchmark reaffirmed a "buy" rating and set a $20.00 price target on shares of MaxLinear in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $19.06.

Insider Activity

In other news, Director Ted L. Tewksbury III sold 6,071 shares of the business'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 transaction of $63,138.40. Following the completion of the transaction, the director now directly owns 74,995 shares in the company, valued at approximately $779,948. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.80% of the company's stock.

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.

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