Capital Impact Advisors LLC Sells 37,239 Shares of MaxLinear, Inc. (NYSE:MXL)

Capital Impact Advisors LLC reduced its stake in shares of MaxLinear, Inc. (NYSE:MXL - Free Report) by 82.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,829 shares of the semiconductor company's stock after selling 37,239 shares during the quarter. Capital Impact Advisors LLC's holdings in MaxLinear were worth $158,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MXL. The Manufacturers Life Insurance Company lifted its stake in shares of MaxLinear by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,651 shares of the semiconductor company's stock valued at $819,000 after purchasing an additional 3,052 shares during the period. Millennium Management LLC lifted its position in MaxLinear by 307.9% during the second quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company's stock valued at $21,039,000 after buying an additional 788,558 shares during the period. AQR Capital Management LLC purchased a new position in MaxLinear during the second quarter valued at $870,000. Marshall Wace LLP boosted its holdings in shares of MaxLinear by 58.4% during the 2nd quarter. Marshall Wace LLP now owns 193,883 shares of the semiconductor company's stock valued at $3,905,000 after buying an additional 71,512 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of MaxLinear in the 2nd quarter worth about $505,000. 90.79% of the stock is currently owned by institutional investors.

Insider Activity

In other MaxLinear news, CEO Kishore Seendripu purchased 108,303 shares of the firm's stock in a transaction on Tuesday, July 30th. The shares were acquired at an average cost of $12.94 per share, for a total transaction of $1,401,440.82. Following the completion of the transaction, the chief executive officer now owns 531,937 shares of the company's stock, valued at $6,883,264.78. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.60% of the company's stock.

MaxLinear Stock Performance

NYSE:MXL traded down $0.72 during mid-day trading on Monday, reaching $14.48. The company's stock had a trading volume of 1,042,898 shares, compared to its average volume of 906,129. The firm's fifty day moving average price is $13.91 and its two-hundred day moving average price is $17.83. The company has a current ratio of 2.09, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.20 billion, a P/E ratio of -7.66 and a beta of 1.84. MaxLinear, Inc. has a 12-month low of $11.08 and a 12-month high of $26.59.

MaxLinear (NYSE:MXL - Get Free Report) last posted its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.06). The company had revenue of $92.00 million during the quarter, compared to the consensus estimate of $100.25 million. MaxLinear had a negative return on equity of 12.39% and a negative net margin of 42.38%. The company's revenue for the quarter was down 50.0% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. On average, equities analysts forecast that MaxLinear, Inc. will post -1.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MXL shares. Stifel Nicolaus boosted their price objective on shares of MaxLinear from $26.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 18th. Benchmark cut their price target on MaxLinear from $28.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Susquehanna reduced their price objective on MaxLinear from $30.00 to $26.00 and set a "positive" rating for the company in a research report on Thursday, July 25th. Craig Hallum dropped their target price on MaxLinear from $38.00 to $28.00 and set a "hold" rating on the stock in a report on Thursday, July 25th. Finally, Needham & Company LLC cut MaxLinear from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, MaxLinear has a consensus rating of "Hold" and a consensus price target of $24.67.

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.