211,400 Shares in MaxLinear, Inc. (NASDAQ:MXL) Bought by Tudor Investment Corp ET AL

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

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

MaxLinear Stock Performance

MXL stock traded down $0.01 during trading hours on Wednesday, hitting $10.56. 124,997 shares of the stock were exchanged, compared to its average volume of 1,415,926. The company has a 50-day simple moving average of $11.34 and a two-hundred day simple moving average of $15.57. The firm has a market capitalization of $893.65 million, a P/E ratio of -3.60 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 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 released its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, hitting 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 analyst estimates of $95.32 million. During the same period in the prior year, the firm posted ($0.21) EPS. MaxLinear's quarterly revenue was up .7% on a year-over-year basis. On average, analysts forecast that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MXL shares. Roth Capital set a $11.00 price target on shares of MaxLinear and gave the company a "neutral" rating in a research report on Thursday, April 24th. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Loop Capital lowered their target price on MaxLinear from $18.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Stifel Nicolaus reduced their price objective on MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Susquehanna dropped their target price 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, MaxLinear has an average rating of "Hold" and an average target price of $19.06.

Insiders Place Their Bets

In other news, Director Ted L. Tewksbury III sold 6,071 shares of MaxLinear stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $10.40, for a total value of $63,138.40. Following the completion of the sale, the director now owns 74,995 shares in the company, valued at $779,948. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 7.80% of the company's stock.

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.