178,485 Shares in MaxLinear, Inc. (NASDAQ:MXL) Bought by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong purchased a new position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 178,485 shares of the semiconductor company's stock, valued at approximately $2,584,000. MaxLinear accounts for 0.2% of CloudAlpha Capital Management Limited Hong Kong's portfolio, making the stock its 28th biggest position. CloudAlpha Capital Management Limited Hong Kong owned 0.21% of MaxLinear as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in MXL. Vanguard Group Inc. raised its stake in MaxLinear by 5.8% during the first quarter. Vanguard Group Inc. now owns 12,253,823 shares of the semiconductor company's stock valued at $228,779,000 after purchasing an additional 667,550 shares in the last quarter. Bank of New York Mellon Corp boosted its position in MaxLinear by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 2,535,449 shares of the semiconductor company's stock worth $51,064,000 after acquiring an additional 128,585 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in MaxLinear by 10.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,071,183 shares of the semiconductor company's stock worth $41,714,000 after buying an additional 192,021 shares during the last quarter. Hood River Capital Management LLC purchased a new stake in shares of MaxLinear during the 2nd quarter valued at approximately $24,184,000. Finally, Millennium Management LLC boosted its stake in MaxLinear by 307.9% in the second quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company's stock valued at $21,039,000 after acquiring an additional 788,558 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on MXL shares. Benchmark reaffirmed a "buy" rating and issued a $22.00 target price on shares of MaxLinear in a report on Thursday, October 24th. Northland Securities cut their price target on shares of MaxLinear from $30.00 to $25.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. Susquehanna downgraded shares of MaxLinear from a "positive" rating to a "neutral" rating and lowered their price objective for the company from $26.00 to $15.00 in a research report on Tuesday, October 1st. Stifel Nicolaus boosted their price objective on shares of MaxLinear from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. Finally, Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, MaxLinear has a consensus rating of "Hold" and a consensus price target of $23.86.

Insider Buying and Selling

In other news, VP William Torgerson sold 6,100 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $15.40, for a total transaction of $93,940.00. Following the completion of the transaction, the vice president now owns 179,262 shares of the company's stock, valued at approximately $2,760,634.80. This represents a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.60% of the company's stock.

MaxLinear Price Performance

NASDAQ MXL traded down $0.02 during trading hours on Thursday, reaching $14.86. The company's stock had a trading volume of 649,928 shares, compared to its average volume of 1,003,519. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year high of $26.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -5.47 and a beta of 1.85. The company's 50-day moving average is $14.25 and its two-hundred day moving average is $16.49.

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