Rhumbline Advisers Acquires 6,385 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Rhumbline Advisers raised its position in shares of MaxLinear, Inc. (NASDAQ:MXL) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 225,145 shares of the semiconductor company’s stock after purchasing an additional 6,385 shares during the quarter. Rhumbline Advisers’ holdings in MaxLinear were worth $4,453,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Pacer Advisors Inc. grew its position 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 purchasing an additional 443 shares during the period. R Squared Ltd purchased a new stake in MaxLinear in the 4th quarter worth about $45,000. Truvestments Capital LLC purchased a new position in MaxLinear during the 3rd quarter valued at about $42,000. GAMMA Investing LLC grew its holdings in shares of MaxLinear by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 662 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of MaxLinear by 20.3% in the third quarter. Nisa Investment Advisors LLC now owns 7,761 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 1,308 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Stock Up 1.0 %

NASDAQ MXL opened at $14.61 on Friday. 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 $11.08 and a 12 month high of $26.59. The stock’s 50 day moving average is $19.33 and its 200 day moving average is $16.35. The stock has a market cap of $1.24 billion, a PE ratio of -4.99 and a beta of 1.77.

MaxLinear (NASDAQ:MXL) last released its earnings results 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%. Research analysts predict that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Analyst Ratings Changes

MXL has been the topic of a number of recent research reports. Wells Fargo & Company increased 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. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Susquehanna reduced their price objective on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Benchmark reissued a “buy” rating and issued a $28.00 target price on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Northland Securities lifted their price objective on MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.50.

Insider Activity

In other MaxLinear news, insider Connie H. Kwong sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total value of $93,050.00. Following the completion of the sale, the insider now directly owns 49,147 shares in the company, valued at approximately $914,625.67. This represents a 9.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven G. Litchfield sold 32,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.35, for a total value of $651,200.00. Following the sale, the insider now owns 365,868 shares of the company’s stock, valued at $7,445,413.80. This trade represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

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.