84,463 Shares in MaxLinear, Inc. (NASDAQ:MXL) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 84,463 shares of the semiconductor company's stock, valued at approximately $1,671,000. Raymond James Financial Inc. owned approximately 0.10% of MaxLinear at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new stake in MaxLinear during the fourth quarter valued at $34,000. Pacer Advisors Inc. grew its stake in shares of MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 443 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of MaxLinear during the 4th quarter valued at about $45,000. R Squared Ltd bought a new position in shares of MaxLinear in the 4th quarter worth approximately $45,000. Finally, Larson Financial Group LLC boosted its holdings in shares of MaxLinear by 3,092.0% in the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock worth $56,000 after buying an additional 2,721 shares during the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MXL has been the subject of a number of analyst reports. Northland Securities upped their price target on MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Susquehanna reduced their target price 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 reaffirmed a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Roth Capital set a $11.00 price objective on shares of MaxLinear and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Finally, Loop Capital lowered their target price on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $19.06.

MaxLinear Trading Up 5.8 %

Shares of NASDAQ:MXL traded up $0.59 during trading hours on Friday, hitting $10.69. 1,402,106 shares of the company's stock traded hands, compared to its average volume of 1,416,758. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. The business has a fifty day moving average price of $11.51 and a 200-day moving average price of $15.63. MaxLinear, Inc. has a 1 year low of $8.35 and a 1 year high of $26.59. The firm has a market capitalization of $904.74 million, a P/E ratio of -3.65 and a beta of 1.66.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. The company had revenue of $95.93 million for the quarter, compared to the consensus estimate of $95.32 million. During the same quarter in the prior year, the company posted ($0.21) EPS. MaxLinear's quarterly revenue was up .7% on a year-over-year basis. Equities analysts expect that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

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.