Barclays PLC grew its stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 47.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 335,804 shares of the semiconductor company's stock after buying an additional 108,346 shares during the period. Barclays PLC owned approximately 0.40% of MaxLinear worth $4,860,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Innealta Capital LLC bought a new stake in MaxLinear in the 2nd quarter valued at $30,000. International Assets Investment Management LLC bought a new stake in MaxLinear in the second quarter valued at about $31,000. Canada Pension Plan Investment Board acquired a new position in MaxLinear in the second quarter worth about $56,000. Truvestments Capital LLC bought a new position in MaxLinear during the third quarter worth about $42,000. Finally, GAMMA Investing LLC lifted its stake in MaxLinear by 151.8% during the third quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 2,093 shares during the period. Institutional investors own 90.79% of the company's stock.
MaxLinear Stock Down 0.6 %
MXL traded down $0.12 during trading on Friday, reaching $19.07. The company had a trading volume of 2,563,778 shares, compared to its average volume of 1,053,832. The company has a market cap of $1.61 billion, a P/E ratio of -7.01 and a beta of 1.87. MaxLinear, Inc. has a 12 month low of $11.08 and a 12 month high of $26.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38. The business's fifty day moving average price is $15.97 and its 200 day moving average price is $16.14.
MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The company had revenue of $81.10 million during the quarter, compared to the consensus estimate of $80.40 million. MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The company's revenue was down 40.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) earnings per share. Equities analysts anticipate that MaxLinear, Inc. will post -1.66 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Susquehanna cut MaxLinear from a "positive" rating to a "neutral" rating and dropped their target price for the stock from $26.00 to $15.00 in a report on Tuesday, October 1st. Benchmark lifted their price objective on MaxLinear from $22.00 to $28.00 and gave the company a "buy" rating in a report on Monday, December 9th. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a report on Thursday, October 24th. Craig Hallum decreased their price objective 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, Wells Fargo & Company started coverage on shares of MaxLinear in a research report on Friday, November 22nd. They set an "equal weight" rating and a $14.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $23.14.
Read Our Latest Stock Analysis on MaxLinear
Insider Transactions at MaxLinear
In other news, insider Connie H. Kwong sold 5,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 49,147 shares in the company, valued at $914,625.67. This represents a 9.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP William Torgerson sold 6,100 shares of the firm's stock in a transaction dated 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 owns 179,262 shares of the company's stock, valued at $2,760,634.80. The trade was a 3.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,900 shares of company stock valued at $927,278 over the last three months. Company insiders own 8.60% of the company's stock.
About MaxLinear
(
Free Report)
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.
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