MaxLinear, Inc. (NASDAQ:MXL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,017,311 shares of the semiconductor company's stock after purchasing an additional 101,896 shares during the period. Charles Schwab Investment Management Inc. owned 1.21% of MaxLinear worth $20,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its position in 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 during the period. FMR LLC grew its position in MaxLinear by 184.5% during the third quarter. FMR LLC now owns 456,929 shares of the semiconductor company's stock valued at $6,616,000 after acquiring an additional 296,339 shares during the period. Jacobs Levy Equity Management Inc. grew its position in MaxLinear by 36.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,089,065 shares of the semiconductor company's stock valued at $15,770,000 after acquiring an additional 291,874 shares during the period. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 288,607 shares during the period. Finally, Natixis Advisors LLC purchased a new stake in MaxLinear during the third quarter valued at about $3,294,000. Hedge funds and other institutional investors own 90.79% of the company's stock.

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MaxLinear Stock Down 2.1 %

Shares of NASDAQ MXL traded down $0.27 on Friday, hitting $12.70. The company had a trading volume of 2,241,188 shares, compared to its average volume of 1,287,120. 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 12-month low of $11.08 and a 12-month high of $26.59. The business has a 50 day moving average of $16.98 and a two-hundred day moving average of $16.39. The firm has a market capitalization of $1.07 billion, a P/E ratio of -4.33 and a beta of 1.76.

MaxLinear (NASDAQ:MXL - Get Free Report) last released 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 fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MXL shares. Susquehanna lowered their price target on MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Benchmark reissued a "buy" rating and set a $28.00 price target on shares of MaxLinear in a research report on Thursday, January 30th. Wells Fargo & Company upped their target price on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Northland Securities upped their target price on MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. One research 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $25.50.

About MaxLinear

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.