Jacobs Levy Equity Management Inc. Grows Holdings in MaxLinear, Inc. (NASDAQ:MXL)

Jacobs Levy Equity Management Inc. grew its stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 36.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,089,065 shares of the semiconductor company's stock after purchasing an additional 291,874 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.29% of MaxLinear worth $15,770,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC lifted its stake in shares of MaxLinear by 1.3% in the third quarter. HighTower Advisors LLC now owns 683,340 shares of the semiconductor company's stock worth $9,898,000 after buying an additional 9,042 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of MaxLinear by 5,114.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 126,863 shares of the semiconductor company's stock worth $1,837,000 after buying an additional 124,430 shares in the last quarter. PDT Partners LLC purchased a new position in shares of MaxLinear in the third quarter worth about $2,693,000. Verition Fund Management LLC lifted its stake in shares of MaxLinear by 424.5% in the third quarter. Verition Fund Management LLC now owns 90,046 shares of the semiconductor company's stock worth $1,304,000 after buying an additional 72,877 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of MaxLinear in the third quarter worth about $159,000. Institutional investors and hedge funds own 90.79% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MXL. Susquehanna downgraded shares of MaxLinear from a "positive" rating to a "neutral" rating and decreased their price target for the stock from $26.00 to $15.00 in a research note on Tuesday, October 1st. Wells Fargo & Company initiated coverage on shares of MaxLinear in a research note on Friday, November 22nd. They set an "equal weight" rating and a $14.00 target price on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a research note on Thursday, October 24th. Benchmark reissued a "buy" rating and issued a $22.00 price target on shares of MaxLinear in a research note on Thursday, October 24th. Finally, Craig Hallum reduced 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 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $22.29.

MaxLinear Stock Performance

Shares of MXL stock traded down $0.66 during trading on Thursday, reaching $18.66. The company's stock had a trading volume of 2,560,383 shares, compared to its average volume of 1,025,840. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The stock's 50-day moving average price is $14.65 and its 200 day moving average price is $16.05. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year high of $26.59.

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

Insiders Place Their Bets

In other news, insider Connie H. Kwong sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total transaction of $93,050.00. Following the completion of the sale, the insider now owns 49,147 shares in the company, valued at approximately $914,625.67. The trade was a 9.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ted L. Tewksbury III sold 5,800 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.36, for a total transaction of $89,088.00. Following the sale, the director now owns 69,717 shares of the company's stock, valued at $1,070,853.12. This represents a 7.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,900 shares of company stock worth $276,078 in the last 90 days. Corporate insiders own 8.60% of the company's stock.

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.