MaxLinear, Inc. (NASDAQ:MXL) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 111.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,363 shares of the semiconductor company's stock after buying an additional 35,018 shares during the quarter. Quantbot Technologies LP owned approximately 0.08% of MaxLinear worth $961,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in MaxLinear during the second quarter worth about $30,000. International Assets Investment Management LLC acquired a new position in MaxLinear during the second quarter worth approximately $31,000. Truvestments Capital LLC purchased a new position in MaxLinear during the third quarter worth approximately $42,000. GAMMA Investing LLC boosted its holdings in shares of MaxLinear by 151.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 2,093 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of MaxLinear during the 2nd quarter worth $56,000. Institutional investors and hedge funds own 90.79% of the company's stock.

Analyst Ratings Changes

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

MaxLinear Stock Up 5.2 %

Shares of MXL stock traded up $0.79 during mid-day trading on Monday, reaching $15.92. 455,609 shares of the company were exchanged, compared to its average volume of 995,251. The company has a market capitalization of $1.34 billion, a P/E ratio of -5.56 and a beta of 1.85. The business's 50 day simple moving average is $14.47 and its 200 day simple moving average is $16.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.95. 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 quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.04). MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. The firm 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 posted ($0.02) earnings per share. The firm's revenue for the quarter was down 40.2% on a year-over-year basis. Research analysts predict that MaxLinear, Inc. will post -1.66 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.36, for a total transaction of $89,088.00. Following the sale, the director now directly owns 69,717 shares in the company, valued at approximately $1,070,853.12. This represents a 7.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William Torgerson sold 6,100 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 179,262 shares in the company, 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. 8.60% of the stock is currently owned by company insiders.

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.