Wellington Management Group LLP Acquires Shares of 187,500 MaxLinear, Inc. (NASDAQ:MXL)

Wellington Management Group LLP bought a new position in MaxLinear, Inc. (NASDAQ:MXL) during the 4th quarter, Holdings Channel reports. The fund bought 187,500 shares of the semiconductor company’s stock, valued at approximately $3,709,000.

A number of other hedge funds also recently made changes to their positions in the company. Fox Run Management L.L.C. grew its holdings in MaxLinear by 154.7% during the 4th quarter. Fox Run Management L.L.C. now owns 63,594 shares of the semiconductor company’s stock valued at $1,258,000 after buying an additional 38,622 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of MaxLinear in the fourth quarter valued at $322,000. Counterpoint Mutual Funds LLC grew its holdings in shares of MaxLinear by 44.8% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 28,821 shares of the semiconductor company’s stock valued at $570,000 after purchasing an additional 8,920 shares in the last quarter. Royce & Associates LP increased its position in MaxLinear by 322.2% in the fourth quarter. Royce & Associates LP now owns 71,930 shares of the semiconductor company’s stock worth $1,423,000 after purchasing an additional 54,893 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in MaxLinear by 11.5% during the fourth quarter. Natixis Advisors LLC now owns 253,764 shares of the semiconductor company’s stock valued at $5,019,000 after purchasing an additional 26,271 shares in the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

MaxLinear Trading Down 2.5 %

MXL opened at $9.84 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The stock’s 50 day moving average price is $13.60 and its 200-day moving average price is $16.04. MaxLinear, Inc. has a one year low of $8.35 and a one year high of $26.59. The stock has a market cap of $832.80 million, a price-to-earnings ratio of -3.36 and a beta of 1.82.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) 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%. On average, equities analysts forecast that MaxLinear, Inc. will post -0.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on MXL. Northland Securities lifted their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. Wells Fargo & Company raised their price objective on MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Susquehanna cut their target price on MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Finally, Benchmark restated a “buy” rating and set a $28.00 price target on shares of MaxLinear in a report on Thursday, January 30th. One equities 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. Based on data from MarketBeat.com, MaxLinear has a consensus rating of “Hold” and an average price target of $25.50.

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.