LMR Partners LLP Takes Position in MaxLinear, Inc. (NASDAQ:MXL)

LMR Partners LLP bought a new stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 37,866 shares of the semiconductor company's stock, valued at approximately $548,000.

A number of other institutional investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new position in MaxLinear in the third quarter worth approximately $16,696,000. Natixis Advisors LLC purchased a new stake in MaxLinear in the third quarter valued at approximately $3,294,000. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in MaxLinear in the third quarter valued at approximately $2,584,000. Victory Capital Management Inc. boosted its position in shares of MaxLinear by 103.3% during the third quarter. Victory Capital Management Inc. now owns 156,269 shares of the semiconductor company's stock worth $2,263,000 after buying an additional 79,392 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of MaxLinear in the third quarter valued at $833,000. 90.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP William Torgerson sold 6,100 shares of the business's stock in a transaction 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 transaction, 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 legal filing with the SEC, which is available through the SEC website. 8.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on MXL. Susquehanna lowered 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 note on Tuesday, October 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a research report on Thursday, October 24th. Northland Securities decreased their price objective on shares of MaxLinear from $30.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, July 25th. Benchmark reiterated a "buy" rating and set a $22.00 target price on shares of MaxLinear in a research report on Thursday, October 24th. Finally, Craig Hallum decreased their target price on MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $23.86.

MaxLinear Stock Performance

Shares of MaxLinear stock traded up $0.20 on Wednesday, reaching $14.69. 462,177 shares of the stock were exchanged, compared to its average volume of 998,261. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.24 billion, a PE ratio of -5.40 and a beta of 1.85. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year high of $26.59. The business has a fifty day moving average price of $14.34 and a two-hundred day moving average price of $16.30.

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

About MaxLinear

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.