Weybosset Research & Management LLC Buys 45,457 Shares of MaxLinear, Inc. (NYSE:MXL)

Weybosset Research & Management LLC boosted its stake in MaxLinear, Inc. (NYSE:MXL - Free Report) by 191.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,155 shares of the semiconductor company's stock after purchasing an additional 45,457 shares during the period. MaxLinear comprises about 0.3% of Weybosset Research & Management LLC's holdings, making the stock its 25th largest holding. Weybosset Research & Management LLC owned about 0.08% of MaxLinear worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in MaxLinear during the 1st quarter worth about $27,000. Innealta Capital LLC bought a new position in shares of MaxLinear during the 2nd quarter worth about $30,000. International Assets Investment Management LLC acquired a new stake in MaxLinear in the second quarter valued at approximately $31,000. Canada Pension Plan Investment Board bought a new stake in MaxLinear during the 2nd quarter valued at $56,000. Finally, EntryPoint Capital LLC bought a new stake in shares of MaxLinear during the first quarter worth about $59,000. Institutional investors and hedge funds own 90.79% of the company's stock.

Insider Transactions at MaxLinear

In other MaxLinear news, CEO Kishore Seendripu bought 108,303 shares of MaxLinear stock in a transaction dated Tuesday, July 30th. The stock was purchased at an average price of $12.94 per share, for a total transaction of $1,401,440.82. Following the completion of the purchase, the chief executive officer now directly owns 531,937 shares of the company's stock, valued at $6,883,264.78. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Craig Hallum decreased their price target on MaxLinear from $38.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, July 25th. Stifel Nicolaus upped their target price 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. Needham & Company LLC lowered shares of MaxLinear from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Susquehanna downgraded shares of MaxLinear from a "positive" rating to a "neutral" rating and reduced their price objective for the stock from $26.00 to $15.00 in a research report on Tuesday. Finally, Northland Securities dropped their target price on shares of MaxLinear from $30.00 to $25.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $23.44.

MaxLinear Stock Performance

Shares of MaxLinear stock traded down $0.02 on Thursday, reaching $13.42. 743,954 shares of the company traded hands, compared to its average volume of 918,138. The company has a 50 day moving average of $13.30 and a 200 day moving average of $17.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.09 and a quick ratio of 1.59. MaxLinear, Inc. has a 52 week low of $11.08 and a 52 week high of $26.59. The firm has a market capitalization of $1.12 billion, a PE ratio of -7.10 and a beta of 1.84.

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