Vaughan Nelson Investment Management L.P. Takes Position in MaxLinear, Inc. (NASDAQ:MXL)

Vaughan Nelson Investment Management L.P. bought a new stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,152,990 shares of the semiconductor company's stock, valued at approximately $16,696,000. Vaughan Nelson Investment Management L.P. owned approximately 1.37% of MaxLinear as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Swiss National Bank grew its position in MaxLinear by 0.9% in the 1st quarter. Swiss National Bank now owns 152,973 shares of the semiconductor company's stock worth $2,856,000 after purchasing an additional 1,300 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of MaxLinear during the first quarter valued at approximately $27,000. ProShare Advisors LLC lifted its holdings in MaxLinear by 7.4% during the first quarter. ProShare Advisors LLC now owns 15,304 shares of the semiconductor company's stock worth $286,000 after acquiring an additional 1,061 shares during the period. State Board of Administration of Florida Retirement System boosted its position in MaxLinear by 18.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 25,249 shares of the semiconductor company's stock worth $471,000 after purchasing an additional 3,950 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in MaxLinear by 5.8% in the first quarter. Vanguard Group Inc. now owns 12,253,823 shares of the semiconductor company's stock worth $228,779,000 after purchasing an additional 667,550 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company's stock.

Insider Transactions at MaxLinear

In other MaxLinear news, VP William Torgerson sold 6,100 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $15.40, for a total value of $93,940.00. Following the completion of the sale, the vice president now directly owns 179,262 shares of the company's stock, valued at $2,760,634.80. The trade was a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.60% of the company's stock.

MaxLinear Price Performance

Shares of MXL stock traded down $0.23 on Monday, reaching $14.07. The company's stock had a trading volume of 673,034 shares, compared to its average volume of 1,001,717. MaxLinear, Inc. has a 12-month low of $11.08 and a 12-month high of $26.59. The company has a market capitalization of $1.19 billion, a P/E ratio of -5.17 and a beta of 1.85. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. The stock's 50 day simple moving average is $14.29 and its 200-day simple moving average is $16.38.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The company had revenue of $81.10 million for the quarter, compared to analysts' expectations of $80.40 million. MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The business's quarterly revenue was down 40.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. As a group, equities analysts predict that MaxLinear, Inc. will post -1.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

MXL has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research note on Thursday, October 24th. Northland Securities dropped their target price on shares of MaxLinear from $30.00 to $25.00 and set an "outperform" rating on the stock in a research note on Thursday, July 25th. Benchmark reaffirmed a "buy" rating and issued a $22.00 price target on shares of MaxLinear in a report on Thursday, October 24th. Susquehanna lowered MaxLinear from a "positive" rating to a "neutral" rating and reduced their price objective for the company from $26.00 to $15.00 in a report on Tuesday, October 1st. Finally, Craig Hallum lowered their target price on MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $23.86.

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.