Mutual of America Capital Management LLC Sells 107,366 Shares of MaxLinear, Inc. (NYSE:MXL)

Mutual of America Capital Management LLC lowered its position in MaxLinear, Inc. (NYSE:MXL - Free Report) by 53.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,523 shares of the semiconductor company's stock after selling 107,366 shares during the quarter. Mutual of America Capital Management LLC owned about 0.12% of MaxLinear worth $2,247,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its position in MaxLinear by 171.7% during the third quarter. Advisors Asset Management Inc. now owns 1,220 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 771 shares in the last quarter. CWM LLC raised its position in MaxLinear by 712.8% during the third quarter. CWM LLC now owns 2,292 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 2,010 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in MaxLinear by 27.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company's stock valued at $90,000 after purchasing an additional 862 shares in the last quarter. Quantbot Technologies LP purchased a new stake in MaxLinear during the second quarter valued at about $90,000. Finally, Rockefeller Capital Management L.P. raised its position in MaxLinear by 13.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,798 shares of the semiconductor company's stock valued at $128,000 after purchasing an additional 436 shares in the last quarter. Institutional investors own 90.79% of the company's stock.

MaxLinear Trading Down 3.1 %

Shares of NYSE MXL traded down $0.62 during trading hours on Friday, hitting $19.65. The company's stock had a trading volume of 745,052 shares, compared to its average volume of 891,688. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 2.20. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -22.08 and a beta of 1.98. MaxLinear, Inc. has a 12 month low of $13.43 and a 12 month high of $35.09. The business has a 50-day simple moving average of $19.82 and a 200-day simple moving average of $19.96.

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

Analyst Ratings Changes

MXL has been the topic of a number of research reports. Wells Fargo & Company downgraded MaxLinear from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $35.00 to $25.00 in a research report on Wednesday, January 3rd. StockNews.com upgraded MaxLinear from a "sell" rating to a "hold" rating in a report on Thursday, February 29th. Needham & Company LLC decreased their price objective on MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Northland Securities upgraded MaxLinear from a "market perform" rating to an "outperform" rating and set a $30.00 price objective on the stock in a report on Thursday, April 4th. Finally, Benchmark lifted their price objective on MaxLinear from $23.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, MaxLinear has a consensus rating of "Hold" and a consensus price target of $26.09.

About MaxLinear

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.