MaxLinear, Inc. (NASDAQ:MXL) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 41.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,313 shares of the semiconductor company's stock after selling 16,490 shares during the quarter. SG Americas Securities LLC's holdings in MaxLinear were worth $461,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new stake in shares of MaxLinear during the third quarter worth $42,000. GAMMA Investing LLC increased its stake in MaxLinear by 151.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 2,093 shares in the last quarter. CWM LLC raised its position in MaxLinear by 321.3% in the 3rd quarter. CWM LLC now owns 5,793 shares of the semiconductor company's stock valued at $84,000 after buying an additional 4,418 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in MaxLinear by 20.3% during the third quarter. Nisa Investment Advisors LLC now owns 7,761 shares of the semiconductor company's stock valued at $112,000 after purchasing an additional 1,308 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of MaxLinear during the 3rd quarter worth about $159,000. Institutional investors own 90.79% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Benchmark reaffirmed a "buy" rating and set a $28.00 target price on shares of MaxLinear in a report on Thursday, January 30th. Wells Fargo & Company raised their price objective on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Craig Hallum dropped their price target on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Susquehanna cut their target price on MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $25.50.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, 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 sale, the vice president now owns 179,262 shares in the company, valued at $2,760,634.80. This trade represents a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $15.36, for a total value of $89,088.00. Following the transaction, the director now directly owns 69,717 shares in the company, valued at $1,070,853.12. The trade was a 7.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,900 shares of company stock valued at $927,278 over the last 90 days. 8.60% of the stock is currently owned by corporate insiders.

MaxLinear Trading Up 1.8 %

Shares of NASDAQ MXL traded up $0.34 during midday trading on Wednesday, hitting $18.84. 1,593,179 shares of the company traded hands, compared to its average volume of 2,362,373. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The firm has a market cap of $1.59 billion, a P/E ratio of -6.43 and a beta of 1.77. The stock has a 50-day moving average price of $20.05 and a 200 day moving average price of $16.20. MaxLinear, Inc. has a 12-month low of $11.08 and a 12-month 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 the consensus estimate 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, analysts expect that MaxLinear, Inc. will post -0.21 earnings per share for the current year.

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.