MaxLinear, Inc. (NASDAQ:MXL) Stock Holdings Increased by State Street Corp

State Street Corp increased its stake in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,123,419 shares of the semiconductor company's stock after acquiring an additional 198,791 shares during the period. State Street Corp owned approximately 4.89% of MaxLinear worth $59,707,000 as of its most recent SEC filing.

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

Insider Activity at MaxLinear

In other MaxLinear news, Director Ted L. Tewksbury III sold 5,800 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were 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. The trade was a 7.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Connie H. Kwong sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total transaction of $93,050.00. Following the completion of the sale, the insider now directly owns 49,147 shares of the company's stock, valued at approximately $914,625.67. This represents a 9.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,900 shares of company stock worth $927,278 in the last ninety days. 8.60% of the stock is owned by insiders.

Analyst Ratings Changes

MXL has been the topic of a number of research reports. 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. Benchmark raised their price objective on MaxLinear from $22.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Needham & Company LLC reaffirmed a "hold" rating on shares of MaxLinear in a research report on Thursday, October 24th. Wells Fargo & Company assumed coverage on MaxLinear in a report on Friday, November 22nd. They set an "equal weight" rating and a $14.00 target price on the stock. Finally, Craig Hallum decreased their price target on MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a report 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $23.14.

MaxLinear Trading Down 1.1 %

Shares of NASDAQ MXL traded down $0.21 during midday trading on Thursday, hitting $19.19. The company's stock had a trading volume of 1,329,039 shares, compared to its average volume of 1,307,162. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year high of $26.59. The firm's fifty day moving average price is $15.76 and its 200-day moving average price is $16.12.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its 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). The company had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.40 million. MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The business's revenue was down 40.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. On average, equities research analysts forecast that MaxLinear, Inc. will post -1.66 earnings per share for the current year.

MaxLinear 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.