Hel Ved Capital Management Ltd Invests $3.32 Million in MaxLinear, Inc. (NASDAQ:MXL)

Hel Ved Capital Management Ltd bought a new position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 167,700 shares of the semiconductor company's stock, valued at approximately $3,317,000. Hel Ved Capital Management Ltd owned 0.20% of MaxLinear as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in MaxLinear by 339.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock worth $24,740,000 after purchasing an additional 966,468 shares during the period. Victory Capital Management Inc. grew its holdings in 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 acquiring an additional 659,662 shares during the period. FMR LLC raised its position in MaxLinear by 184.5% in the third quarter. FMR LLC now owns 456,929 shares of the semiconductor company's stock worth $6,616,000 after acquiring an additional 296,339 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in MaxLinear by 44.6% in 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, State Street Corp boosted its position in shares of MaxLinear by 5.1% during the 3rd quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company's stock worth $59,707,000 after purchasing an additional 198,791 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

MaxLinear Trading Down 10.3 %

Shares of MXL traded down $1.16 during trading hours on Thursday, hitting $10.09. The stock had a trading volume of 585,574 shares, compared to its average volume of 1,359,678. The company's fifty day simple moving average is $13.75 and its 200 day simple moving average is $16.07. MaxLinear, Inc. has a 12-month low of $8.35 and a 12-month high of $26.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The firm has a market cap of $854.21 million, a P/E ratio of -3.44 and a beta of 1.82.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 research analysts forecast that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MXL. Wells Fargo & Company lifted their price objective on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Northland Securities increased their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a research note on Monday, January 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Benchmark reiterated a "buy" rating and issued a $28.00 price target on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Susquehanna reduced their target price on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.