Capital Fund Management S.A. Trims Stake in MaxLinear, Inc. (NASDAQ:MXL)

Capital Fund Management S.A. cut its stake in MaxLinear, Inc. (NASDAQ:MXL) by 31.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,841 shares of the semiconductor company’s stock after selling 42,135 shares during the period. Capital Fund Management S.A. owned 0.11% of MaxLinear worth $1,817,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MXL. Aster Capital Management DIFC Ltd bought a new stake in MaxLinear during the fourth quarter worth about $34,000. Pacer Advisors Inc. lifted its holdings in shares of MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 443 shares during the last quarter. R Squared Ltd bought a new stake in shares of MaxLinear in the 4th quarter worth approximately $45,000. Wealthfront Advisers LLC purchased a new stake in shares of MaxLinear in the 4th quarter worth approximately $45,000. Finally, Larson Financial Group LLC increased its position in MaxLinear by 3,092.0% during the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 2,721 shares in the last quarter. 90.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

MXL has been the topic of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities increased their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research report on Monday, January 6th. Benchmark reduced their price objective on shares of MaxLinear from $28.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday. Susquehanna dropped their target price 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. Finally, Wells Fargo & Company raised 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.36.

MaxLinear Trading Up 5.4 %

Shares of MXL stock opened at $10.43 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.28 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 stock has a market capitalization of $882.73 million, a P/E ratio of -3.56 and a beta of 1.82. The firm’s 50 day moving average is $13.24 and its 200 day moving average is $15.97.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. Research analysts expect that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

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.