Mirabella Financial Services LLP Acquires Shares of 38,050 MaxLinear, Inc. (NASDAQ:MXL)

Mirabella Financial Services LLP acquired a new stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 38,050 shares of the semiconductor company's stock, valued at approximately $551,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hood River Capital Management LLC purchased a new stake in MaxLinear during the 2nd quarter valued at $24,184,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of MaxLinear in the third quarter valued at $16,696,000. Millennium Management LLC lifted its holdings in shares of MaxLinear by 307.9% in 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 during the last quarter. Vanguard Group Inc. boosted its stake in shares of MaxLinear by 5.8% during the 1st 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 period. Finally, Natixis Advisors LLC bought a new position in MaxLinear during the 3rd quarter valued at about $3,294,000. 90.79% of the stock is owned by hedge funds and other institutional investors.

MaxLinear Stock Down 5.9 %

Shares of NASDAQ MXL traded down $0.93 during midday trading on Tuesday, reaching $14.94. 1,299,892 shares of the company's stock traded hands, compared to its average volume of 1,000,179. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -5.83 and a beta of 1.85. MaxLinear, Inc. has a one year low of $11.08 and a one year high of $26.59. 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 $14.42 and its 200-day simple moving average is $16.18.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.04). The company 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 firm's revenue for the quarter was down 40.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) earnings per share. On average, analysts predict that MaxLinear, Inc. will post -1.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a research note on Thursday, October 24th. Craig Hallum dropped their price objective on MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Susquehanna lowered MaxLinear from a "positive" rating to a "neutral" rating and reduced their target price for the stock from $26.00 to $15.00 in a research note on Tuesday, October 1st. 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, Wells Fargo & Company started coverage on shares of MaxLinear in a report on Friday. They issued an "equal weight" rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.29.

Insider Buying and Selling

In other MaxLinear news, VP William Torgerson sold 6,100 shares of MaxLinear stock in a transaction dated Friday, November 8th. The stock was 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 in the company, valued at approximately $2,760,634.80. This trade represents a 3.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ted L. Tewksbury III sold 5,800 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.36, for a total value of $89,088.00. Following the completion of the transaction, the director now directly owns 69,717 shares of the company's stock, valued at approximately $1,070,853.12. This trade represents a 7.68 % decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.

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.