Fox Run Management L.L.C. Purchases 38,622 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Fox Run Management L.L.C. grew its stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 154.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 63,594 shares of the semiconductor company's stock after buying an additional 38,622 shares during the period. Fox Run Management L.L.C. owned approximately 0.08% of MaxLinear worth $1,258,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MXL. Pacer Advisors Inc. lifted its position in shares of MaxLinear by 29.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 443 shares during the period. Wealthfront Advisers LLC acquired a new stake in MaxLinear during the fourth quarter worth $45,000. R Squared Ltd bought a new stake in MaxLinear in the 4th quarter valued at $45,000. Larson Financial Group LLC raised its stake in shares of MaxLinear by 3,092.0% in the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock valued at $56,000 after buying an additional 2,721 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in MaxLinear in the third quarter valued at about $42,000. Institutional investors own 90.79% of the company's stock.

MaxLinear Trading Down 3.5 %

Shares of NASDAQ MXL traded down $0.46 during mid-day trading on Wednesday, hitting $12.74. The company's stock had a trading volume of 715,863 shares, compared to its average volume of 1,287,330. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -4.35 and a beta of 1.76. The company's fifty day simple moving average is $16.67 and its 200-day simple moving average is $16.40. MaxLinear, Inc. has a one year low of $11.08 and a one year high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. On average, sell-side analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MXL. Benchmark reissued a "buy" rating and issued a $28.00 target price on shares of MaxLinear in a report on Thursday, January 30th. Wells Fargo & Company boosted their target price on MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Northland Securities lifted their price objective on MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a research report on Monday, January 6th. Susquehanna decreased their target price on MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, MaxLinear has an average rating of "Hold" and an average price target of $25.50.

MaxLinear 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.