MaxLinear, Inc. (NYSE:MXL) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in MaxLinear, Inc. (NYSE:MXL - Free Report) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,683,038 shares of the semiconductor company's stock after purchasing an additional 1,199,257 shares during the period. Vanguard Group Inc. owned 13.10% of MaxLinear worth $237,698,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Asset Dedication LLC purchased a new position in MaxLinear in the second quarter valued at about $32,000. Advisors Asset Management Inc. grew its holdings in shares of MaxLinear by 171.7% during the third quarter. Advisors Asset Management Inc. now owns 1,220 shares of the semiconductor company's stock worth $27,000 after buying an additional 771 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of MaxLinear in the third quarter valued at about $35,000. CWM LLC lifted its stake in shares of MaxLinear by 712.8% in the third quarter. CWM LLC now owns 2,292 shares of the semiconductor company's stock worth $51,000 after buying an additional 2,010 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in MaxLinear during the second quarter worth about $90,000. Hedge funds and other institutional investors own 90.79% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MXL shares. Wells Fargo & Company cut MaxLinear from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $35.00 to $25.00 in a report on Wednesday, January 3rd. StockNews.com raised shares of MaxLinear from a "sell" rating to a "hold" rating in a research note on Thursday, February 29th. Finally, Needham & Company LLC reduced their price target on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, February 1st. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $25.18.

MaxLinear Stock Performance

NYSE:MXL traded up $0.16 during midday trading on Friday, reaching $18.67. The stock had a trading volume of 478,232 shares, compared to its average volume of 577,353. The company has a quick ratio of 1.75, a current ratio of 2.20 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.53 billion, a P/E ratio of -20.98 and a beta of 1.99. The firm has a fifty day simple moving average of $19.48 and a two-hundred day simple moving average of $20.01. MaxLinear, Inc. has a 12-month low of $13.43 and a 12-month high of $35.40.

MaxLinear (NYSE:MXL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.17). The business had revenue of $125.35 million for the quarter, compared to analyst estimates of $125.06 million. MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. On average, equities analysts expect that MaxLinear, Inc. will post -0.8 EPS for the current year.

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.