Natixis Advisors LLC Increases Stock Position in MaxLinear, Inc. (NASDAQ:MXL)

Natixis Advisors LLC boosted its stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 253,764 shares of the semiconductor company's stock after buying an additional 26,271 shares during the quarter. Natixis Advisors LLC owned approximately 0.30% of MaxLinear worth $5,019,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in MaxLinear by 29.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 443 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of MaxLinear in the 3rd quarter worth approximately $42,000. R Squared Ltd purchased a new position in MaxLinear in the fourth quarter valued at approximately $45,000. Wealthfront Advisers LLC bought a new position in MaxLinear during the fourth quarter valued at $45,000. Finally, Larson Financial Group LLC increased its position in MaxLinear by 3,092.0% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 90.79% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research note on Thursday, January 30th. Wells Fargo & Company increased their target price on shares of MaxLinear from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Northland Securities boosted their price target 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. Benchmark reaffirmed a "buy" rating and issued a $28.00 price objective on shares of MaxLinear in a report on Thursday, January 30th. Finally, Susquehanna lowered their target price on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a report 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.50.

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MaxLinear Price Performance

NASDAQ:MXL traded down $0.46 during mid-day trading on Wednesday, hitting $12.74. 715,663 shares of the stock traded hands, compared to its average volume of 1,284,315. The business's 50-day moving average price is $16.67 and its 200 day moving average price is $16.40. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.08 billion, a PE ratio of -4.35 and a beta of 1.76. MaxLinear, Inc. has a 12-month low of $11.08 and a 12-month high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) 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, analysts expect that MaxLinear, Inc. will post -0.37 EPS for the current fiscal 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.