Barclays PLC Buys 224,509 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Barclays PLC raised its stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 66.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 560,313 shares of the semiconductor company's stock after buying an additional 224,509 shares during the period. Barclays PLC owned about 0.66% of MaxLinear worth $11,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new position in MaxLinear during the 4th quarter worth $34,000. Pacer Advisors Inc. grew its position in MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock valued at $39,000 after buying an additional 443 shares during the period. R Squared Ltd acquired a new stake in MaxLinear in the fourth quarter valued at approximately $45,000. Wealthfront Advisers LLC purchased a new position in MaxLinear during the fourth quarter valued at $45,000. Finally, Larson Financial Group LLC increased its stake in MaxLinear by 3,092.0% during the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock worth $56,000 after buying an additional 2,721 shares in the last quarter. Institutional investors own 90.79% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MXL. Stifel Nicolaus decreased their target price on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Benchmark reissued a "buy" rating and issued a $20.00 price target on shares of MaxLinear in a research report on Thursday. Northland Securities lifted their price target on shares of MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Susquehanna dropped their price objective on MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, Wells Fargo & Company lifted their target price on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, MaxLinear presently has an average rating of "Hold" and a consensus target price of $20.94.

MaxLinear Stock Performance

MaxLinear stock traded up $0.47 on Friday, hitting $10.13. The company's stock had a trading volume of 1,693,698 shares, compared to its average volume of 1,402,521. MaxLinear, Inc. has a one year low of $8.35 and a one year high of $26.59. The firm has a market cap of $856.92 million, a P/E ratio of -3.47 and a beta of 1.82. The company has a fifty day moving average price of $12.24 and a 200-day moving average price of $15.76. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24.

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

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.