Tudor Investment Corp ET AL Acquires New Position in MaxLinear, Inc. (NASDAQ:MXL)

Tudor Investment Corp ET AL purchased a new position in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 211,400 shares of the semiconductor company's stock, valued at approximately $4,181,000. Tudor Investment Corp ET AL owned approximately 0.25% of MaxLinear as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. raised its holdings 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 buying an additional 115,867 shares during the period. Assenagon Asset Management S.A. raised its holdings 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 acquiring an additional 966,468 shares during the period. Charles Schwab Investment Management Inc. lifted its position in MaxLinear by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,017,311 shares of the semiconductor company's stock valued at $20,122,000 after acquiring an additional 101,896 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in MaxLinear by 44.6% in 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 period. Finally, Victory Capital Management Inc. increased its holdings 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 purchasing an additional 659,662 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company's stock.

Analyst Upgrades and Downgrades

MXL has been the topic of a number of research reports. Loop Capital cut their price objective on shares of MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Susquehanna lowered their price target on MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Northland Securities raised their target price on shares of MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a research note on Monday, January 6th. Wells Fargo & Company upped their price target on shares of MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Finally, Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a research note on Thursday, January 30th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.06.

MaxLinear Price Performance

Shares of MaxLinear stock traded down $0.06 during trading on Monday, hitting $10.63. The stock had a trading volume of 1,776,583 shares, compared to its average volume of 1,418,198. The firm has a market cap of $899.66 million, a price-to-earnings ratio of -3.63 and a beta of 1.66. MaxLinear, Inc. has a 12 month low of $8.35 and a 12 month high of $26.59. The business's 50-day moving average is $11.51 and its 200 day moving average is $15.63. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, hitting 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 net margin of 68.01% and a negative return on equity of 21.94%. The firm's revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.21) EPS. As a group, sell-side analysts anticipate 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.