Fox Run Management L.L.C. grew its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 154.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,594 shares of the semiconductor company's stock after purchasing an additional 38,622 shares during the period. Fox Run Management L.L.C. owned approximately 0.08% of MaxLinear worth $1,258,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of MXL. Pacer Advisors Inc. raised its position in shares of MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 443 shares during the period. GAMMA Investing LLC lifted its stake in MaxLinear by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company's stock valued at $82,000 after buying an additional 662 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of MaxLinear by 95.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company's stock worth $77,000 after buying an additional 1,900 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of MaxLinear in the fourth quarter worth about $45,000. Finally, R Squared Ltd purchased a new position in shares of MaxLinear in the fourth quarter worth approximately $45,000. 90.79% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on MXL. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Wells Fargo & Company lifted 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. Benchmark reissued a "buy" rating and issued a $28.00 price target on shares of MaxLinear in a research report on Thursday, January 30th. Northland Securities boosted their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a research report on Monday, January 6th. Finally, Susquehanna cut their target price on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, MaxLinear has an average rating of "Hold" and an average price target of $25.50.
Read Our Latest Report on MXL
MaxLinear Stock Performance
Shares of MaxLinear stock traded down $0.06 on Tuesday, reaching $13.26. The stock had a trading volume of 217,716 shares, compared to its average volume of 1,285,388. MaxLinear, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $26.59. The business's 50-day moving average price is $16.82 and its two-hundred day moving average price is $16.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The stock has a market cap of $1.12 billion, a P/E ratio of -4.55 and a beta of 1.76.
MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 forecast that MaxLinear, Inc. will post -0.37 EPS for the current year.
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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