Northern Trust Corp Sells 125,494 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Northern Trust Corp lowered its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 857,719 shares of the semiconductor company's stock after selling 125,494 shares during the period. Northern Trust Corp owned about 1.01% of MaxLinear worth $16,966,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in shares of MaxLinear during the fourth quarter worth $34,000. Pacer Advisors Inc. grew its position in MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 443 shares during the last quarter. R Squared Ltd acquired a new stake in MaxLinear during the 4th quarter valued at approximately $45,000. Wealthfront Advisers LLC acquired a new position in MaxLinear during the fourth quarter worth $45,000. Finally, Larson Financial Group LLC raised its position in MaxLinear by 3,092.0% during the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock worth $56,000 after acquiring an additional 2,721 shares during the period. Institutional investors own 90.79% of the company's stock.

MaxLinear Price Performance

Shares of NASDAQ:MXL traded down $0.33 during midday trading on Monday, hitting $12.11. 332,514 shares of the stock were exchanged, compared to its average volume of 1,437,364. The stock has a market cap of $1.02 billion, a P/E ratio of -4.13 and a beta of 1.66. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. MaxLinear, Inc. has a twelve month low of $8.35 and a twelve month high of $26.59. The company has a 50 day moving average price of $11.20 and a 200-day moving average price of $15.43.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). The company had revenue of $95.93 million for 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%. MaxLinear's quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) EPS. On average, research analysts forecast that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MXL. Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Roth Capital set a $11.00 price target on MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th. Wells Fargo & Company lifted their price target on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Susquehanna decreased their price target on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Finally, Benchmark restated a "buy" rating and set a $20.00 target price on shares of MaxLinear in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $19.06.

Insider Buying and Selling at MaxLinear

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

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.