JPMorgan Chase & Co. Has $16.52 Million Stock Position in MaxLinear, Inc. (NASDAQ:MXL)

JPMorgan Chase & Co. decreased its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 835,055 shares of the semiconductor company's stock after selling 100,684 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.99% of MaxLinear worth $16,517,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fox Run Management L.L.C. increased its position in MaxLinear by 154.7% during the fourth quarter. Fox Run Management L.L.C. now owns 63,594 shares of the semiconductor company's stock worth $1,258,000 after buying an additional 38,622 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of MaxLinear during the 4th quarter worth about $322,000. Counterpoint Mutual Funds LLC increased its holdings in shares of MaxLinear by 44.8% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 28,821 shares of the semiconductor company's stock valued at $570,000 after acquiring an additional 8,920 shares during the last quarter. Royce & Associates LP raised its stake in shares of MaxLinear by 322.2% in the 4th quarter. Royce & Associates LP now owns 71,930 shares of the semiconductor company's stock valued at $1,423,000 after acquiring an additional 54,893 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in MaxLinear by 11.5% during the fourth quarter. Natixis Advisors LLC now owns 253,764 shares of the semiconductor company's stock worth $5,019,000 after purchasing an additional 26,271 shares during the period. Institutional investors own 90.79% of the company's stock.

MaxLinear Stock Performance

MXL stock traded down $0.11 during midday trading on Thursday, hitting $10.04. The stock had a trading volume of 166,903 shares, compared to its average volume of 1,862,812. The firm has a market capitalization of $849.73 million, a price-to-earnings ratio of -3.43 and a beta of 1.82. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $12.97 and a 200 day simple moving average of $15.89. MaxLinear, Inc. has a 52 week low of $8.35 and a 52 week high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (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 anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Benchmark decreased their price objective on shares of MaxLinear from $28.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday. Susquehanna decreased their price target on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Stifel Nicolaus dropped their price objective on MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday. Wells Fargo & Company increased their target price on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Finally, Northland Securities lifted 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. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $22.36.

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.