MaxLinear, Inc. (NASDAQ:MXL) Shares Sold by Walleye Capital LLC

Walleye Capital LLC lessened its stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 18.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 172,094 shares of the semiconductor company's stock after selling 39,351 shares during the period. Walleye Capital LLC owned approximately 0.20% of MaxLinear worth $2,492,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new position in shares of MaxLinear in the 2nd quarter valued at $30,000. International Assets Investment Management LLC acquired a new position in shares of MaxLinear in the 2nd quarter valued at $31,000. Canada Pension Plan Investment Board acquired a new position in shares of MaxLinear in the 2nd quarter valued at $56,000. Truvestments Capital LLC acquired a new position in shares of MaxLinear in the 3rd quarter valued at $42,000. Finally, GAMMA Investing LLC raised its position in MaxLinear by 151.8% during the third quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 2,093 shares during the period. Hedge funds and other institutional investors own 90.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MXL. Craig Hallum reduced their price objective on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Benchmark restated a "buy" rating and set a $22.00 price objective on shares of MaxLinear in a research report on Thursday, October 24th. Susquehanna cut shares of MaxLinear from a "positive" rating to a "neutral" rating and reduced their target price for the company from $26.00 to $15.00 in a research report on Tuesday, October 1st. Wells Fargo & Company assumed coverage on shares of MaxLinear in a research report on Friday, November 22nd. They issued an "equal weight" rating and a $14.00 target price for the company. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $22.29.

Insiders Place Their Bets

In other news, Director Ted L. Tewksbury III sold 5,800 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 69,717 shares of the company's stock, valued at $1,070,853.12. This trade represents a 7.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $93,940.00. Following the completion of the sale, the vice president now directly owns 179,262 shares of the company's stock, valued at $2,760,634.80. This represents a 3.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.

MaxLinear Stock Up 11.0 %

NASDAQ:MXL traded up $1.92 during mid-day trading on Wednesday, hitting $19.32. The stock had a trading volume of 4,926,767 shares, compared to its average volume of 1,018,815. The stock has a 50-day simple moving average of $14.56 and a two-hundred day simple moving average of $16.03. The company has a market capitalization of $1.63 billion, a PE ratio of -6.93 and a beta of 1.87. MaxLinear, Inc. has a twelve month low of $11.08 and a twelve month high of $26.59. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.04). MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The firm had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.40 million. During the same period last year, the business earned ($0.02) EPS. The firm's revenue was down 40.2% compared to the same quarter last year. On average, equities research analysts anticipate that MaxLinear, Inc. will post -1.66 EPS 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.