GSA Capital Partners LLP Makes New $833,000 Investment in MaxLinear, Inc. (NASDAQ:MXL)

GSA Capital Partners LLP bought a new stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 57,496 shares of the semiconductor company's stock, valued at approximately $833,000. GSA Capital Partners LLP owned approximately 0.07% of MaxLinear as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted 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 purchasing an additional 667,550 shares during the last quarter. Edgestream Partners L.P. lifted its position in MaxLinear by 69.5% in the first quarter. Edgestream Partners L.P. now owns 105,355 shares of the semiconductor company's stock worth $1,967,000 after buying an additional 43,181 shares during the last quarter. EntryPoint Capital LLC purchased a new position in MaxLinear during the first quarter worth $59,000. Millennium Management LLC increased its position in MaxLinear by 307.9% during 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 during the last quarter. Finally, Comerica Bank raised its stake in shares of MaxLinear by 472.6% in the first quarter. Comerica Bank now owns 194,405 shares of the semiconductor company's stock valued at $3,630,000 after acquiring an additional 160,456 shares during the period. Institutional investors own 90.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented 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. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a research note on Thursday, October 24th. Susquehanna downgraded MaxLinear from a "positive" rating to a "neutral" rating and reduced their price target for the stock from $26.00 to $15.00 in a report on Tuesday, October 1st. Northland Securities dropped their price objective on MaxLinear from $30.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Finally, Benchmark reiterated a "buy" rating and issued a $22.00 target price on shares of MaxLinear in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $23.86.

MaxLinear Trading Down 3.8 %

MXL traded down $0.56 during trading on Friday, hitting $14.30. 793,850 shares of the stock were exchanged, compared to its average volume of 1,875,377. MaxLinear, Inc. has a 1 year low of $11.08 and a 1 year high of $26.59. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -5.26 and a beta of 1.85. The firm has a 50 day simple moving average of $14.29 and a 200 day simple moving average of $16.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.95.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly 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). MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The firm had revenue of $81.10 million for the quarter, compared to analysts' expectations of $80.40 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The business's quarterly revenue was down 40.2% on a year-over-year basis. As a group, equities analysts expect that MaxLinear, Inc. will post -1.66 EPS for the current year.

Insider Activity

In related news, VP William Torgerson sold 6,100 shares of the firm's 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 sale, the vice president now owns 179,262 shares of the company's stock, valued at $2,760,634.80. This trade represents a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.60% of the company's stock.

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.