Natixis Advisors LLC Acquires New Shares in MaxLinear, Inc. (NASDAQ:MXL)

Natixis Advisors LLC purchased a new stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 227,493 shares of the semiconductor company's stock, valued at approximately $3,294,000. Natixis Advisors LLC owned 0.27% of MaxLinear at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of MaxLinear by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 12,253,823 shares of the semiconductor company's stock valued at $228,779,000 after acquiring an additional 667,550 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of MaxLinear during the 1st quarter valued at about $59,000. Millennium Management LLC lifted its position in MaxLinear by 307.9% during the 2nd quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company's stock worth $21,039,000 after acquiring an additional 788,558 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in MaxLinear in the third quarter valued at approximately $833,000. Finally, Comerica Bank raised its stake in shares of MaxLinear by 472.6% during the first quarter. Comerica Bank now owns 194,405 shares of the semiconductor company's stock valued at $3,630,000 after purchasing an additional 160,456 shares during the period. Institutional investors and hedge funds own 90.79% of the company's stock.

MaxLinear Price Performance

NASDAQ:MXL traded down $0.20 during mid-day trading on Friday, reaching $15.54. 972,372 shares of the stock were exchanged, compared to its average volume of 1,510,138. The business has a fifty day moving average price of $14.40 and a 200 day moving average price of $16.21. The firm has a market capitalization of $1.31 billion, a PE ratio of -5.71 and a beta of 1.85. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The firm had revenue of $81.10 million during 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 business's quarterly revenue was down 40.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Research analysts expect that MaxLinear, Inc. will post -1.66 earnings per share for the current fiscal year.

Insider Activity at MaxLinear

In related news, VP William Torgerson sold 6,100 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was 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 owns 179,262 shares of the company's stock, valued at approximately $2,760,634.80. The trade was a 3.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MXL has been the topic of a number of recent analyst reports. Susquehanna lowered shares of MaxLinear from a "positive" rating to a "neutral" rating and cut their price objective for the stock from $26.00 to $15.00 in a report on Tuesday, October 1st. Benchmark restated a "buy" rating and set a $22.00 price objective on shares of MaxLinear in a research note on Thursday, October 24th. Wells Fargo & Company started coverage on MaxLinear in a research report on Friday. They issued an "equal weight" rating and a $14.00 target price on the stock. Craig Hallum cut their price target on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Finally, Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $22.29.

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.