AQR Capital Management LLC Buys Shares of 43,192 MaxLinear, Inc. (NYSE:MXL)

AQR Capital Management LLC acquired a new position in shares of MaxLinear, Inc. (NYSE:MXL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 43,192 shares of the semiconductor company's stock, valued at approximately $870,000. AQR Capital Management LLC owned 0.05% of MaxLinear as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MXL. Marshall Wace LLP boosted its position in shares of MaxLinear by 58.4% during the second 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 during the period. Morse Asset Management Inc bought a new stake in shares of MaxLinear during the 2nd quarter worth approximately $505,000. Bank of Montreal Can purchased a new position in MaxLinear during the 2nd quarter valued at $1,480,000. Public Sector Pension Investment Board grew its position in MaxLinear by 8.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 166,330 shares of the semiconductor company's stock valued at $3,350,000 after acquiring an additional 12,309 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in shares of MaxLinear during the second quarter valued at $24,184,000. Institutional investors own 90.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Benchmark reduced their price target on shares of MaxLinear from $28.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Craig Hallum lowered 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. Northland Securities reduced their price objective on MaxLinear from $30.00 to $25.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. Susquehanna cut MaxLinear from a "positive" rating to a "neutral" rating and lowered their target price for the stock from $26.00 to $15.00 in a report on Tuesday, October 1st. Finally, Stifel Nicolaus raised their price target on MaxLinear from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $23.44.

Insiders Place Their Bets

In related news, CEO Kishore Seendripu bought 108,303 shares of the stock in a transaction dated Tuesday, July 30th. The shares were 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. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.60% of the stock is currently owned by insiders.

MaxLinear Stock Up 6.1 %

Shares of MXL traded up $0.82 during mid-day trading on Friday, hitting $14.24. 918,233 shares of the company traded hands, compared to its average volume of 913,650. The company has a market capitalization of $1.18 billion, a PE ratio of -7.53 and a beta of 1.83. The company has a quick ratio of 1.59, a current ratio of 2.09 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $13.33 and a 200 day moving average of $17.51. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year high of $26.59.

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). The company had revenue of $92.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 50.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Equities research analysts anticipate that MaxLinear, Inc. will post -1.74 EPS for the current year.

About MaxLinear

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.