1492 Capital Management LLC Buys Shares of 148,487 MaxLinear, Inc. (NASDAQ:MXL)

1492 Capital Management LLC bought a new stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 148,487 shares of the semiconductor company's stock, valued at approximately $2,937,000. 1492 Capital Management LLC owned about 0.18% of MaxLinear at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp boosted its holdings in MaxLinear by 5.1% in the 3rd quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company's stock worth $59,707,000 after buying an additional 198,791 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of MaxLinear by 4,298.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,979 shares of the semiconductor company's stock valued at $304,000 after purchasing an additional 20,502 shares during the period. Barclays PLC increased its position in shares of MaxLinear by 47.6% during the third quarter. Barclays PLC now owns 335,804 shares of the semiconductor company's stock valued at $4,860,000 after buying an additional 108,346 shares during the period. Geode Capital Management LLC lifted its stake in MaxLinear by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company's stock worth $26,152,000 after purchasing an additional 6,420 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in MaxLinear by 44.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company's stock valued at $13,550,000 after purchasing an additional 288,607 shares during the period. 90.79% of the stock is currently owned by institutional investors.

MaxLinear Stock Up 0.7 %

Shares of MXL stock traded up $0.07 during midday trading on Friday, reaching $10.22. 880,122 shares of the stock were exchanged, compared to its average volume of 1,381,618. MaxLinear, Inc. has a 1 year low of $8.35 and a 1 year high of $26.59. The firm has a market cap of $864.96 million, a PE ratio of -3.49 and a beta of 1.82. The company's 50 day moving average is $12.71 and its two-hundred day moving average is $15.88. 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 announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. On average, equities research analysts predict that MaxLinear, Inc. will post -0.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MXL shares. Wells Fargo & Company increased their price objective on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Benchmark decreased their price objective on shares of MaxLinear from $28.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Susquehanna dropped their target price on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Northland Securities lifted their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a report on Monday, January 6th. Finally, Stifel Nicolaus reduced their target price on MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday. 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 company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $22.36.

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.