37,866 Shares in MaxLinear, Inc. (NASDAQ:MXL) Purchased by LMR Partners LLP

LMR Partners LLP acquired a new stake in shares of MaxLinear, Inc. (NASDAQ:MXL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 37,866 shares of the semiconductor company’s stock, valued at approximately $548,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MXL. Innealta Capital LLC purchased a new stake in shares of MaxLinear during the second quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new stake in MaxLinear during the 2nd quarter valued at $31,000. GAMMA Investing LLC increased its holdings in shares of MaxLinear by 151.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 2,093 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of MaxLinear in the second quarter worth $56,000. Finally, EntryPoint Capital LLC bought a new position in shares of MaxLinear during the first quarter valued at $59,000. 90.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Northland Securities decreased their target price on MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Benchmark restated a “buy” rating and set a $22.00 price objective on shares of MaxLinear in a research report on Thursday, October 24th. Susquehanna downgraded shares of MaxLinear from a “positive” rating to a “neutral” rating and cut their target price for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, October 24th. Finally, Craig Hallum cut their price objective 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 given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.86.

Insider Buying and Selling at MaxLinear

In other MaxLinear 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 directly owns 179,262 shares of the company’s stock, valued at $2,760,634.80. This trade represents a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.60% of the company’s stock.

MaxLinear Price Performance

NASDAQ MXL opened at $14.49 on Wednesday. The business’s fifty day moving average is $14.33 and its 200 day moving average is $16.31. MaxLinear, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $26.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.95. The company has a market capitalization of $1.22 billion, a PE ratio of -5.33 and a beta of 1.85.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The company had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $80.40 million. MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The firm’s quarterly revenue was down 40.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) earnings per share. Sell-side analysts predict 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.