Charles Schwab Investment Management Inc. Has $13.26 Million Stake in MaxLinear, Inc. (NASDAQ:MXL)

Charles Schwab Investment Management Inc. boosted its stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 915,415 shares of the semiconductor company's stock after purchasing an additional 145,695 shares during the period. Charles Schwab Investment Management Inc. owned 1.09% of MaxLinear worth $13,255,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MXL. Bank of New York Mellon Corp lifted its stake in MaxLinear by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,535,449 shares of the semiconductor company's stock valued at $51,064,000 after purchasing an additional 128,585 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of MaxLinear by 10.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,071,183 shares of the semiconductor company's stock valued at $41,714,000 after purchasing an additional 192,021 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of MaxLinear during the 2nd quarter worth about $24,184,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of MaxLinear during the 3rd quarter worth about $16,696,000. Finally, Millennium Management LLC grew its stake in MaxLinear by 307.9% in the 2nd quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company's stock valued at $21,039,000 after buying an additional 788,558 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MXL has been the subject of several research reports. Wells Fargo & Company assumed coverage on shares of MaxLinear in a research report on Friday, November 22nd. They set an "equal weight" rating and a $14.00 price objective for the company. Benchmark boosted their price target on MaxLinear from $22.00 to $28.00 and gave the company a "buy" rating in a research note on Monday. Susquehanna lowered MaxLinear from a "positive" rating to a "neutral" rating and decreased their price objective for the company from $26.00 to $15.00 in a report on Tuesday, October 1st. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a report on Thursday, October 24th. Finally, Craig Hallum decreased their price target on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, MaxLinear has a consensus rating of "Hold" and a consensus target price of $23.14.

MaxLinear Price Performance

MXL stock traded up $0.17 during mid-day trading on Monday, hitting $19.43. The stock had a trading volume of 1,318,515 shares, compared to its average volume of 1,027,687. The firm has a fifty day simple moving average of $14.80 and a 200 day simple moving average of $16.03. The firm has a market capitalization of $1.64 billion, a P/E ratio of -7.08 and a beta of 1.87. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. MaxLinear, Inc. has a 52 week low of $11.08 and a 52 week high of $26.59.

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

Insider Buying and Selling

In other MaxLinear news, Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction dated Thursday, November 21st. The stock was 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 in the company, valued at approximately $1,070,853.12. This trade represents a 7.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Connie H. Kwong sold 5,000 shares of MaxLinear stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total value of $93,050.00. Following the sale, the insider now directly owns 49,147 shares in the company, valued at $914,625.67. The trade was a 9.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,900 shares of company stock worth $276,078 in the last ninety days. 8.60% of the stock is owned by 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.