JPMorgan Chase & Co. Has $13.55 Million Stake in MaxLinear, Inc. (NASDAQ:MXL)

JPMorgan Chase & Co. grew its position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 44.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 935,739 shares of the semiconductor company's stock after purchasing an additional 288,607 shares during the period. JPMorgan Chase & Co. owned approximately 1.11% of MaxLinear worth $13,550,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of MaxLinear by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company's stock valued at $26,152,000 after acquiring an additional 6,420 shares during the last quarter. Barclays PLC increased its position in shares of MaxLinear by 47.6% in the third quarter. Barclays PLC now owns 335,804 shares of the semiconductor company's stock valued at $4,860,000 after acquiring an additional 108,346 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of MaxLinear by 4,298.1% in the third quarter. Public Employees Retirement System of Ohio now owns 20,979 shares of the semiconductor company's stock valued at $304,000 after acquiring an additional 20,502 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in shares of MaxLinear by 35.7% in the third quarter. Orion Portfolio Solutions LLC now owns 32,259 shares of the semiconductor company's stock valued at $467,000 after acquiring an additional 8,495 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of MaxLinear by 21.8% in the third quarter. Two Sigma Advisers LP now owns 694,149 shares of the semiconductor company's stock valued at $10,051,000 after acquiring an additional 124,300 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors.

Insider Activity at MaxLinear

In other MaxLinear news, 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 value of $89,088.00. Following the transaction, the director now directly owns 69,717 shares of the company's stock, valued at approximately $1,070,853.12. The trade was a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William Torgerson sold 6,100 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $15.40, for a total value of $93,940.00. Following the completion of the transaction, the vice president now directly owns 179,262 shares in the company, valued at approximately $2,760,634.80. This trade represents a 3.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,900 shares of company stock worth $927,278 over the last ninety days. Insiders own 8.60% of the company's stock.

MaxLinear Price Performance

MaxLinear stock traded up $0.09 during midday trading on Friday, reaching $20.63. The company's stock had a trading volume of 1,322,752 shares, compared to its average volume of 1,246,959. MaxLinear, Inc. has a 52 week low of $11.08 and a 52 week high of $26.59. 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 business has a 50-day moving average price of $17.73 and a 200-day moving average price of $16.34. The stock has a market cap of $1.74 billion, a PE ratio of -7.58 and a beta of 1.79.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share 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 the consensus estimate of $80.40 million. MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. The business's revenue for the quarter was down 40.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) earnings per share. On average, sell-side analysts predict that MaxLinear, Inc. will post -1.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MXL. Susquehanna downgraded MaxLinear from a "positive" rating to a "neutral" rating and lowered their price target for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st. Benchmark boosted their price target on MaxLinear from $22.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Northland Securities boosted their price target on MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Craig Hallum decreased their target price on MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, MaxLinear currently has an average rating of "Hold" and a consensus target price of $23.50.

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.