Systematic Financial Management LP Boosts Position in MaxLinear, Inc. (NASDAQ:MXL)

Systematic Financial Management LP raised its position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 92.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 96,071 shares of the semiconductor company's stock after purchasing an additional 46,040 shares during the period. Systematic Financial Management LP owned 0.11% of MaxLinear worth $1,391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in MaxLinear by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,535,449 shares of the semiconductor company's stock valued at $51,064,000 after purchasing an additional 128,585 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in MaxLinear by 10.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,071,183 shares of the semiconductor company's stock valued at $41,714,000 after purchasing an additional 192,021 shares in the last quarter. Hood River Capital Management LLC purchased a new position in shares of MaxLinear during the 2nd quarter worth $24,184,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of MaxLinear during the 3rd quarter worth $16,696,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of MaxLinear by 36.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,089,065 shares of the semiconductor company's stock worth $15,770,000 after acquiring an additional 291,874 shares during the period. Hedge funds and other institutional investors own 90.79% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a 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 price target on the stock. Craig Hallum reduced their price target on MaxLinear from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Susquehanna lowered MaxLinear from a "positive" rating to a "neutral" rating and reduced their price target for the stock from $26.00 to $15.00 in a report on Tuesday, October 1st. Finally, Benchmark reiterated a "buy" rating and set a $22.00 price target on shares of MaxLinear 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 assigned a buy rating to the stock. According to MarketBeat.com, MaxLinear has a consensus rating of "Hold" and a consensus target price of $22.29.

Insider Buying and Selling at MaxLinear

In other news, insider Connie H. Kwong sold 5,000 shares of MaxLinear stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total value of $93,050.00. Following the completion of the transaction, the insider now owns 49,147 shares in the company, valued at approximately $914,625.67. This trade represents a 9.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ted L. Tewksbury III sold 5,800 shares of MaxLinear stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.36, for a total value of $89,088.00. Following the completion of the transaction, the director now owns 69,717 shares of the company's stock, 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 sold a total of 16,900 shares of company stock valued at $276,078 in the last three months. 8.60% of the stock is owned by corporate insiders.

MaxLinear Trading Up 3.2 %

NASDAQ MXL traded up $0.60 during trading on Friday, hitting $19.26. The stock had a trading volume of 1,566,030 shares, compared to its average volume of 1,028,129. The company has a market capitalization of $1.62 billion, a PE ratio of -7.08 and a beta of 1.87. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $14.80 and a 200 day moving average price of $16.07. MaxLinear, Inc. has a twelve month low of $11.08 and a twelve month high of $26.59.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The firm 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% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) earnings per share. As a group, equities research analysts forecast that MaxLinear, Inc. will post -1.66 earnings per share for the current year.

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.