Royce & Associates LP raised its position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 322.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,930 shares of the semiconductor company's stock after acquiring an additional 54,893 shares during the quarter. Royce & Associates LP owned approximately 0.08% of MaxLinear worth $1,423,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its holdings in MaxLinear by 5.1% in the third quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company's stock worth $59,707,000 after purchasing an additional 198,791 shares during the period. Geode Capital Management LLC lifted its stake in shares of MaxLinear by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company's stock worth $26,152,000 after purchasing an additional 6,420 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of MaxLinear by 10.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company's stock worth $25,098,000 after acquiring an additional 115,867 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in MaxLinear by 339.9% during 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 period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in MaxLinear by 36.6% during 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 in the last quarter. Institutional investors own 90.79% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on MXL shares. Northland Securities boosted their price target on shares of MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Benchmark reissued a "buy" rating and issued a $28.00 price objective on shares of MaxLinear in a research note on Thursday, January 30th. Wells Fargo & Company lifted their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a research note on Thursday, January 30th. Finally, Susquehanna reduced their target price on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, MaxLinear presently has a consensus rating of "Hold" and an average price target of $25.50.
Read Our Latest Research Report on MXL
MaxLinear Price Performance
Shares of NASDAQ MXL traded down $0.12 during midday trading on Tuesday, hitting $13.20. The company had a trading volume of 740,017 shares, compared to its average volume of 1,285,388. The business has a 50-day simple moving average of $16.82 and a two-hundred day simple moving average of $16.40. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.51 and a beta of 1.76. MaxLinear, Inc. has a twelve month low of $11.08 and a twelve month high of $26.59. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24.
MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. Equities research analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current year.
About MaxLinear
(
Free Report)
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.
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