MaxLinear, Inc. (NASDAQ:MXL) Stock Holdings Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) by 103.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,269 shares of the semiconductor company's stock after acquiring an additional 79,392 shares during the quarter. Victory Capital Management Inc. owned about 0.19% of MaxLinear worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Innealta Capital LLC acquired a new position in MaxLinear during the 2nd quarter valued at about $30,000. International Assets Investment Management LLC purchased a new stake in MaxLinear during the second quarter valued at about $31,000. Canada Pension Plan Investment Board purchased a new stake in MaxLinear during the second quarter valued at about $56,000. EntryPoint Capital LLC purchased a new stake in MaxLinear during the first quarter valued at about $59,000. Finally, GAMMA Investing LLC lifted its stake 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. Institutional investors and hedge funds own 90.79% of the company's stock.

Insider Buying and Selling at MaxLinear

In other news, VP William Torgerson sold 6,100 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $15.40, for a total transaction of $93,940.00. Following the sale, the vice president now owns 179,262 shares of the company's stock, valued at approximately $2,760,634.80. This trade represents a 3.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is owned by corporate insiders.

MaxLinear Trading Up 4.1 %

Shares of MXL stock traded up $0.63 during trading hours on Monday, reaching $16.17. 602,854 shares of the company's stock were exchanged, compared to its average volume of 996,405. MaxLinear, Inc. has a 1 year low of $11.08 and a 1 year high of $26.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38. The stock's fifty day moving average price is $14.40 and its two-hundred day moving average price is $16.21.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.04). MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. The company had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.40 million. During the same period last year, the business earned ($0.02) earnings per share. The firm's revenue was down 40.2% compared to the same quarter last year. As a group, equities research analysts expect that MaxLinear, Inc. will post -1.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a "hold" rating on shares of MaxLinear in a research report on Thursday, October 24th. Wells Fargo & Company began coverage on MaxLinear in a research report on Friday. They set an "equal weight" rating and a $14.00 price target on the stock. Benchmark reissued a "buy" rating and set a $22.00 target price on shares of MaxLinear in a report on Thursday, October 24th. Susquehanna downgraded MaxLinear from a "positive" rating to a "neutral" rating and dropped their price objective for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st. Finally, Craig Hallum lowered their target price on MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $22.29.

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.