Blair William & Co. IL Cuts Position in MaxLinear, Inc. (NASDAQ:MXL)

Blair William & Co. IL reduced its position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 55.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,854 shares of the semiconductor company's stock after selling 27,188 shares during the quarter. Blair William & Co. IL's holdings in MaxLinear were worth $432,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in MaxLinear by 29.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 443 shares during the period. Wealthfront Advisers LLC bought a new position in shares of MaxLinear during the fourth quarter valued at about $45,000. R Squared Ltd purchased a new position in shares of MaxLinear in the fourth quarter worth about $45,000. Larson Financial Group LLC increased its holdings in shares of MaxLinear by 3,092.0% in the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock worth $56,000 after buying an additional 2,721 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of MaxLinear by 95.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company's stock valued at $77,000 after acquiring an additional 1,900 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MXL. Wells Fargo & Company lifted their price target on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Benchmark reiterated a "buy" rating and set a $28.00 price target on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities increased their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a research report on Monday, January 6th. Susquehanna decreased their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $25.50.

MaxLinear Trading Up 23.0 %

Shares of NASDAQ:MXL traded up $2.10 on Wednesday, hitting $11.25. The company had a trading volume of 1,904,929 shares, compared to its average volume of 1,362,664. The firm's 50-day simple moving average is $13.75 and its two-hundred day simple moving average is $16.07. The firm has a market capitalization of $952.13 million, a price-to-earnings ratio of -3.84 and a beta of 1.82. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. MaxLinear, Inc. has a 1 year low of $8.35 and a 1 year high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. Equities analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal 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.