MaxLinear, Inc. (NASDAQ:MXL) Shares Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 5,114.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,863 shares of the semiconductor company's stock after buying an additional 124,430 shares during the period. Point72 Asia Singapore Pte. Ltd. owned 0.15% of MaxLinear worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vaughan Nelson Investment Management L.P. acquired a new position in MaxLinear in the third quarter valued at $16,696,000. Mirabella Financial Services LLP purchased a new position in MaxLinear during the 3rd quarter worth approximately $551,000. Millennium Management LLC increased 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 worth $21,039,000 after buying an additional 788,558 shares during the period. GSA Capital Partners LLP purchased a new stake in MaxLinear in the third quarter valued at approximately $833,000. Finally, Comerica Bank boosted its holdings in shares of MaxLinear by 472.6% in the first quarter. Comerica Bank now owns 194,405 shares of the semiconductor company's stock valued at $3,630,000 after acquiring an additional 160,456 shares during the period. 90.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MaxLinear

In other MaxLinear news, Director Ted L. Tewksbury III sold 5,800 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.36, for a total value of $89,088.00. Following the sale, the director now owns 69,717 shares of the company's stock, valued at $1,070,853.12. This represents a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP William Torgerson sold 6,100 shares of MaxLinear stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $15.40, for a total value of $93,940.00. Following the transaction, the vice president now 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. Corporate insiders own 8.60% of the company's stock.

MaxLinear Price Performance

NASDAQ:MXL traded up $0.82 during trading hours on Monday, hitting $15.95. The company's stock had a trading volume of 310,199 shares, compared to its average volume of 994,627. MaxLinear, Inc. has a 52-week low of $11.08 and a 52-week high of $26.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.95. The business's 50-day moving average is $14.47 and its two-hundred day moving average is $16.06. The company has a market capitalization of $1.35 billion, a PE ratio of -5.56 and a beta of 1.85.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS 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 company had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.40 million. During the same quarter last year, the business earned ($0.02) EPS. The firm's revenue for the quarter was down 40.2% on a year-over-year basis. As a group, research analysts anticipate that MaxLinear, Inc. will post -1.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.