Federated Hermes Inc. Has $3.87 Million Stock Holdings in MaxLinear, Inc. (NYSE:MXL)

Federated Hermes Inc. grew its stake in MaxLinear, Inc. (NYSE:MXL - Free Report) by 2,412.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,916 shares of the semiconductor company's stock after purchasing an additional 156,431 shares during the period. Federated Hermes Inc. owned about 0.20% of MaxLinear worth $3,873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MXL. CWM LLC grew its position in MaxLinear by 712.8% in the 3rd quarter. CWM LLC now owns 2,292 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 2,010 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of MaxLinear by 659.9% during the 3rd quarter. SG Americas Securities LLC now owns 33,837 shares of the semiconductor company's stock valued at $753,000 after acquiring an additional 29,384 shares in the last quarter. Simplicity Solutions LLC boosted its position in shares of MaxLinear by 523.2% during the 3rd quarter. Simplicity Solutions LLC now owns 42,735 shares of the semiconductor company's stock valued at $951,000 after acquiring an additional 35,878 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of MaxLinear during the 3rd quarter valued at about $273,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of MaxLinear by 27.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company's stock valued at $90,000 after acquiring an additional 862 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MXL has been the topic of several recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $25.00 target price on shares of MaxLinear in a research report on Thursday. Northland Securities upgraded shares of MaxLinear from a "market perform" rating to an "outperform" rating and set a $30.00 target price on the stock in a research report on Thursday, April 4th. Benchmark reiterated a "buy" rating and set a $28.00 target price on shares of MaxLinear in a research report on Thursday. StockNews.com lowered shares of MaxLinear from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Wells Fargo & Company lowered shares of MaxLinear from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $35.00 to $25.00 in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, MaxLinear has a consensus rating of "Hold" and an average target price of $26.09.

MaxLinear Price Performance

Shares of NYSE MXL traded down $0.09 during trading on Friday, reaching $20.59. The company had a trading volume of 843,599 shares, compared to its average volume of 1,096,932. MaxLinear, Inc. has a 52 week low of $13.43 and a 52 week high of $35.09. The stock has a market cap of $1.69 billion, a PE ratio of -10.89 and a beta of 1.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.75 and a current ratio of 1.99. The business's 50 day moving average price is $19.92 and its 200-day moving average price is $19.94.

MaxLinear (NYSE:MXL - Get Free Report) last announced its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, topping analysts' consensus estimates of ($0.40) by $0.02. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.75%. The company had revenue of $95.27 million during the quarter, compared to the consensus estimate of $94.99 million. Analysts expect that MaxLinear, Inc. will post -0.8 earnings per share 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.