Legal & General Group Plc Sells 16,189 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Legal & General Group Plc cut its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 213,619 shares of the semiconductor company’s stock after selling 16,189 shares during the period. Legal & General Group Plc owned approximately 0.25% of MaxLinear worth $4,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MXL. Aster Capital Management DIFC Ltd bought a new stake in shares of MaxLinear in the 4th quarter worth $34,000. 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 worth $39,000 after purchasing an additional 443 shares in the last quarter. R Squared Ltd purchased a new stake in MaxLinear in the 4th quarter valued at about $45,000. Wealthfront Advisers LLC bought a new position in shares of MaxLinear during the 4th quarter worth approximately $45,000. Finally, Larson Financial Group LLC lifted its position in shares of MaxLinear by 3,092.0% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Price Performance

MaxLinear stock opened at $9.91 on Tuesday. The firm has a market capitalization of $838.72 million, a P/E ratio of -3.38 and a beta of 1.82. MaxLinear, Inc. has a one year low of $8.35 and a one year high of $26.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. The business has a fifty day moving average price of $12.60 and a 200-day moving average price of $15.86.

MaxLinear (NASDAQ:MXL) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates 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 EPS for the current year.

Wall Street Analyst Weigh In

MXL has been the subject of a number of research analyst reports. Susquehanna decreased their price target on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus lowered their target price on MaxLinear from $26.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company raised their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Benchmark reduced their target price on shares of MaxLinear from $28.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.36.

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.