Voya Investment Management LLC Sells 176,153 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Voya Investment Management LLC lessened its stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 48.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 190,922 shares of the semiconductor company's stock after selling 176,153 shares during the period. Voya Investment Management LLC owned about 0.23% of MaxLinear worth $3,776,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in MaxLinear by 339.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock worth $24,740,000 after buying an additional 966,468 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of 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 in the last quarter. Barclays PLC boosted its stake in MaxLinear by 47.6% in the third quarter. Barclays PLC now owns 335,804 shares of the semiconductor company's stock worth $4,860,000 after buying an additional 108,346 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of 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 valued at $25,098,000 after purchasing an additional 115,867 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of MaxLinear by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company's stock valued at $82,000 after buying an additional 662 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company's stock.

MaxLinear Stock Performance

MXL stock traded down $0.06 during trading on Monday, reaching $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 PE ratio of -3.63 and a beta of 1.66. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The stock's 50 day moving average is $11.51 and its two-hundred day moving average is $15.63. MaxLinear, Inc. has a 52 week low of $8.35 and a 52 week high of $26.59.

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 for 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 quarter last year, the firm posted ($0.21) earnings per share. As a group, equities analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MXL. Roth Capital set a $11.00 target price on shares of MaxLinear and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Northland Securities lifted their price target on MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a research report on Monday, January 6th. Susquehanna cut their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Benchmark restated a "buy" rating and set a $20.00 price target on shares of MaxLinear in a report on Thursday, April 24th. Finally, Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $19.06.

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.