Schonfeld Strategic Advisors LLC Takes Position in MaxLinear, Inc. (NASDAQ:MXL)

Schonfeld Strategic Advisors LLC acquired a new stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,265,282 shares of the semiconductor company's stock, valued at approximately $25,027,000. Schonfeld Strategic Advisors LLC owned about 1.50% of MaxLinear at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in MaxLinear by 3,698.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock valued at $30,173,000 after buying an additional 1,485,256 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of MaxLinear by 10.0% during the fourth 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 during the period. Assenagon Asset Management S.A. grew its position in shares of MaxLinear by 339.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock valued at $24,740,000 after purchasing an additional 966,468 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of MaxLinear by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,017,311 shares of the semiconductor company's stock worth $20,122,000 after purchasing an additional 101,896 shares during the period. Finally, JPMorgan Chase & Co. lifted 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 worth $13,550,000 after purchasing an additional 288,607 shares during the last quarter. 90.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MXL. Stifel Nicolaus lowered their price objective on MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Susquehanna lowered their price target on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Roth Capital set a $11.00 price objective on shares of MaxLinear and gave the company a "neutral" rating in a report on Thursday, April 24th. 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 report on Tuesday. Finally, Benchmark reiterated a "buy" rating and issued a $20.00 price target on shares of MaxLinear in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $19.06.

MaxLinear Price Performance

Shares of MXL traded up $0.59 during midday trading on Friday, hitting $10.69. The company's stock had a trading volume of 1,402,106 shares, compared to its average volume of 1,413,466. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. MaxLinear, Inc. has a one year low of $8.35 and a one year high of $26.59. The stock has a market capitalization of $904.74 million, a price-to-earnings ratio of -3.65 and a beta of 1.66. The company's fifty day simple moving average is $11.51 and its two-hundred day simple moving average is $15.61.

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