Vaughan Nelson Investment Management L.P. Buys 115,867 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Vaughan Nelson Investment Management L.P. raised its position in MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,268,857 shares of the semiconductor company's stock after buying an additional 115,867 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.50% of MaxLinear worth $25,098,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MXL. Pacer Advisors Inc. raised its stake in MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock worth $39,000 after buying an additional 443 shares during the period. Truvestments Capital LLC acquired a new stake in shares of MaxLinear in the third quarter valued at about $42,000. R Squared Ltd acquired a new stake in shares of MaxLinear in the fourth quarter valued at about $45,000. GAMMA Investing LLC increased its position in shares of MaxLinear by 151.8% in the third quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 2,093 shares during the last quarter. Finally, CWM LLC grew its holdings in MaxLinear by 321.3% during the third quarter. CWM LLC now owns 5,793 shares of the semiconductor company's stock worth $84,000 after purchasing an additional 4,418 shares during the period. 90.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a "hold" rating on shares of MaxLinear in a research report on Thursday, January 30th. Northland Securities upped their price target on shares of MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a report on Monday, January 6th. Susquehanna reduced their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Wells Fargo & Company upped their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Finally, Benchmark reaffirmed a "buy" rating and set a $28.00 price target on shares of MaxLinear in a research report on Thursday, January 30th. One 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.50.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, 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 directly owns 69,717 shares of the company's stock, valued at approximately $1,070,853.12. The trade was a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Connie H. Kwong sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total transaction of $93,050.00. Following the transaction, the insider now directly owns 49,147 shares of the company's stock, valued at $914,625.67. The trade was a 9.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,800 shares of company stock worth $833,338. 8.60% of the stock is currently owned by company insiders.

MaxLinear Stock Performance

MXL traded up $0.65 on Thursday, hitting $16.43. The company's stock had a trading volume of 1,285,233 shares, compared to its average volume of 2,258,691. The company's 50 day simple moving average is $20.06 and its 200-day simple moving average is $16.10. The firm has a market cap of $1.39 billion, a P/E ratio of -5.61 and a beta of 1.77. MaxLinear, Inc. has a 12 month low of $11.08 and a 12 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 posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share 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%. Analysts forecast that MaxLinear, Inc. will post -0.37 EPS 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.