Capital Fund Management S.A. Trims Stock Position in MaxLinear, Inc. (NASDAQ:MXL)

Capital Fund Management S.A. reduced its stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 31.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,841 shares of the semiconductor company's stock after selling 42,135 shares during the quarter. Capital Fund Management S.A. owned approximately 0.11% of MaxLinear worth $1,817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in shares of MaxLinear by 339.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock valued at $24,740,000 after acquiring an additional 966,468 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of MaxLinear by 422.1% during the fourth quarter. Victory Capital Management Inc. now owns 815,931 shares of the semiconductor company's stock worth $16,139,000 after buying an additional 659,662 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of MaxLinear by 44.6% during the third quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company's stock valued at $13,550,000 after buying an additional 288,607 shares during the last quarter. State Street Corp raised its stake in MaxLinear by 5.1% in the 3rd quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company's stock worth $59,707,000 after acquiring an additional 198,791 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in MaxLinear during the 4th quarter worth about $3,709,000. Hedge funds and other institutional investors own 90.79% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MXL. Wells Fargo & Company lifted their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Susquehanna cut their price target on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Northland Securities raised their target price on shares of MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Finally, Benchmark cut their price objective on shares of MaxLinear from $28.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, MaxLinear has an average rating of "Hold" and a consensus target price of $22.36.

MaxLinear Trading Up 0.7 %

NASDAQ MXL traded up $0.07 during trading on Friday, hitting $10.22. The stock had a trading volume of 880,122 shares, compared to its average volume of 1,379,072. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $864.96 million, a PE ratio of -3.49 and a beta of 1.82. The firm has a 50 day moving average price of $12.84 and a 200 day moving average price of $15.86. MaxLinear, Inc. has a twelve month low of $8.35 and a twelve month high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly earnings results 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%. As a group, equities research analysts forecast that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

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.