Stifel Financial Corp Has $935,000 Stock Position in MaxLinear, Inc. (NASDAQ:MXL)

Stifel Financial Corp raised its stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 97.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,253 shares of the semiconductor company's stock after purchasing an additional 23,300 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of MaxLinear worth $935,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of MaxLinear in the 4th quarter worth approximately $34,000. Pacer Advisors Inc. increased its position in shares of MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock valued at $39,000 after buying an additional 443 shares during the period. Wealthfront Advisers LLC purchased a new position in MaxLinear in the 4th quarter worth approximately $45,000. R Squared Ltd bought a new position in MaxLinear during the fourth quarter valued at approximately $45,000. Finally, Larson Financial Group LLC increased 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 period. Institutional investors and hedge funds own 90.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MXL shares. Loop Capital cut 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. Roth Capital set a $11.00 price objective on MaxLinear and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Wells Fargo & Company increased their price target on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $19.06.

MaxLinear Trading Down 2.0%

MaxLinear stock traded down $0.26 during trading on Thursday, hitting $12.53. The company's stock had a trading volume of 168,517 shares, compared to its average volume of 1,429,163. The stock's fifty day moving average is $11.17 and its 200 day moving average is $15.45. MaxLinear, Inc. has a 1-year low of $8.35 and a 1-year high of $26.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -4.26 and a beta of 1.66.

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

Insiders Place Their Bets

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 stock was sold at an average price of $10.40, for a total value of $63,138.40. Following the transaction, the director now owns 74,995 shares in the company, valued at $779,948. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 7.80% of the company's stock.

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.