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

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

A number of other hedge funds and other institutional investors also recently modified their holdings of MXL. Vaughan Nelson Investment Management L.P. lifted its position in MaxLinear by 10.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company's stock worth $25,098,000 after acquiring an additional 115,867 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of MaxLinear by 339.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock worth $24,740,000 after purchasing an additional 966,468 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of MaxLinear by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,017,311 shares of the semiconductor company's stock valued at $20,122,000 after purchasing an additional 101,896 shares during the period. JPMorgan Chase & Co. grew its holdings in MaxLinear by 44.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company's stock valued at $13,550,000 after purchasing an additional 288,607 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in MaxLinear by 422.1% during the 4th quarter. Victory Capital Management Inc. now owns 815,931 shares of the semiconductor company's stock worth $16,139,000 after buying an additional 659,662 shares during the period. Institutional investors and hedge funds own 90.79% of the company's stock.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $10.40, for a total transaction of $63,138.40. Following the sale, the director now directly owns 74,995 shares in the company, valued at approximately $779,948. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on MXL shares. Roth Capital set a $11.00 price objective on shares of MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th. Loop Capital lowered their price objective on MaxLinear from $18.00 to $10.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company upped their target price on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research note on Thursday, January 30th. Finally, Stifel Nicolaus lowered their price objective on MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, MaxLinear presently has a consensus rating of "Hold" and an average target price of $19.06.

MaxLinear Stock Performance

Shares of MaxLinear stock traded up $0.37 during trading on Wednesday, hitting $10.94. 887,996 shares of the stock were exchanged, compared to its average volume of 1,422,577. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. MaxLinear, Inc. has a 12 month low of $8.35 and a 12 month high of $26.59. The stock's fifty day moving average is $11.26 and its 200 day moving average is $15.54. The stock has a market cap of $925.47 million, a PE ratio of -3.73 and a beta of 1.66.

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

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.