187,500 Shares in MaxLinear, Inc. (NASDAQ:MXL) Purchased by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in shares of MaxLinear, Inc. (NASDAQ:MXL - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 187,500 shares of the semiconductor company's stock, valued at approximately $3,709,000. Wellington Management Group LLP owned about 0.22% of MaxLinear as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Pacer Advisors Inc. raised its holdings in MaxLinear by 29.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 443 shares during the last quarter. R Squared Ltd acquired a new position in MaxLinear in the fourth quarter valued at $45,000. Wealthfront Advisers LLC purchased a new position in MaxLinear during the fourth quarter worth about $45,000. Larson Financial Group LLC lifted its position in MaxLinear by 3,092.0% during the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company's stock worth $56,000 after buying an additional 2,721 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in MaxLinear by 95.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company's stock worth $77,000 after buying an additional 1,900 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MXL has been the subject of a number of research analyst reports. Susquehanna dropped their price objective on shares of MaxLinear from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus dropped their price target on shares of MaxLinear from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday. Benchmark decreased their price target on shares of MaxLinear from $28.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday. Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a report on Thursday, January 30th. Finally, Northland Securities lifted their target price on MaxLinear from $25.00 to $27.50 and gave the company an "outperform" rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $22.36.

MaxLinear Stock Down 0.7 %

Shares of NASDAQ MXL traded down $0.07 on Thursday, hitting $10.08. The company had a trading volume of 177,073 shares, compared to its average volume of 1,370,466. 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, Inc. has a 12-month low of $8.35 and a 12-month high of $26.59. The firm has a market capitalization of $853.36 million, a P/E ratio of -3.45 and a beta of 1.82. The business has a 50 day moving average of $12.97 and a two-hundred day moving average of $15.89.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings data 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, equities research analysts forecast that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal 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.