MaxLinear, Inc. (NASDAQ:MXL) Stock Position Reduced by Primecap Management Co. CA

Primecap Management Co. CA decreased its position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 8.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,904,880 shares of the semiconductor company's stock after selling 166,290 shares during the period. Primecap Management Co. CA owned about 2.25% of MaxLinear worth $37,679,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MXL. Assenagon Asset Management S.A. grew its holdings in MaxLinear by 339.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company's stock valued at $24,740,000 after purchasing an additional 966,468 shares during the last quarter. Victory Capital Management Inc. grew its holdings in MaxLinear by 422.1% in the fourth quarter. Victory Capital Management Inc. now owns 815,931 shares of the semiconductor company's stock valued at $16,139,000 after purchasing an additional 659,662 shares during the last quarter. FMR LLC grew its holdings in MaxLinear by 184.5% in the third quarter. FMR LLC now owns 456,929 shares of the semiconductor company's stock valued at $6,616,000 after purchasing an additional 296,339 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in MaxLinear by 36.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,089,065 shares of the semiconductor company's stock valued at $15,770,000 after purchasing an additional 291,874 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in MaxLinear by 44.6% in the third quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company's stock valued at $13,550,000 after purchasing an additional 288,607 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company's stock.

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MaxLinear Trading Down 2.1 %

NASDAQ:MXL traded down $0.27 on Friday, hitting $12.70. 2,241,188 shares of the stock were exchanged, compared to its average volume of 1,283,769. The stock has a market cap of $1.07 billion, a PE ratio of -4.33 and a beta of 1.76. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $16.98 and a 200-day moving average of $16.37. MaxLinear, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. As a group, equities analysts expect that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on MXL shares. Susquehanna lowered their target price on MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Wells Fargo & Company upped their price objective on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Northland Securities upped their price objective on MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a research report on Monday, January 6th. Benchmark reiterated a "buy" rating and set a $28.00 target price on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $25.50.

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.