MaxLinear, Inc. (NASDAQ:MXL) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 21.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 694,149 shares of the semiconductor company's stock after purchasing an additional 124,300 shares during the quarter. Two Sigma Advisers LP owned about 0.82% of MaxLinear worth $10,051,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in MaxLinear in the second quarter valued at about $30,000. International Assets Investment Management LLC acquired a new position in MaxLinear in the second quarter valued at about $31,000. Truvestments Capital LLC acquired a new position in MaxLinear in the third quarter valued at about $42,000. GAMMA Investing LLC lifted its position in MaxLinear by 151.8% in the third quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company's stock valued at $50,000 after buying an additional 2,093 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in MaxLinear in the second quarter valued at about $56,000. Hedge funds and other institutional investors own 90.79% of the company's stock.

Insider Buying and Selling at MaxLinear

In other news, VP William Torgerson sold 6,100 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $15.40, for a total transaction of $93,940.00. Following the transaction, the vice president now directly owns 179,262 shares in the company, valued at approximately $2,760,634.80. This trade represents a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $15.36, for a total value of $89,088.00. Following the sale, the director now directly owns 69,717 shares of the company's stock, valued at approximately $1,070,853.12. This represents a 7.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,900 shares of company stock worth $276,078 over the last three months. Insiders own 8.60% of the company's stock.

MaxLinear Stock Down 7.4 %

Shares of MXL stock traded down $1.43 during trading hours on Tuesday, reaching $18.00. 1,557,245 shares of the stock were exchanged, compared to its average volume of 1,031,652. The firm has a market capitalization of $1.52 billion, a P/E ratio of -7.14 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 is $14.90 and its two-hundred day moving average is $16.04.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $80.40 million. MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The business's revenue for the quarter was down 40.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) earnings per share. As a group, research analysts expect that MaxLinear, Inc. will post -1.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MXL has been the topic of several research reports. Wells Fargo & Company initiated 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 on the stock. Susquehanna cut shares of MaxLinear from a "positive" rating to a "neutral" rating and reduced their price target for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st. Craig Hallum reduced their price target on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a research report on Thursday, October 24th. Finally, Benchmark increased their price target on shares of MaxLinear from $22.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $23.14.

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.