MaxLinear, Inc. (NASDAQ:MXL) Shares Purchased by Barclays PLC

Barclays PLC raised its position in MaxLinear, Inc. (NASDAQ:MXL) by 66.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 560,313 shares of the semiconductor company’s stock after acquiring an additional 224,509 shares during the quarter. Barclays PLC’s holdings in MaxLinear were worth $11,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MXL. Aster Capital Management DIFC Ltd bought a new position in MaxLinear in the 4th quarter valued at about $34,000. Pacer Advisors Inc. boosted its holdings in shares of MaxLinear by 29.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 443 shares in the last quarter. R Squared Ltd acquired a new position in shares of MaxLinear during the fourth quarter valued at approximately $45,000. Wealthfront Advisers LLC bought a new stake in MaxLinear during the fourth quarter worth approximately $45,000. Finally, Larson Financial Group LLC lifted its position in MaxLinear by 3,092.0% in the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 2,721 shares during the period. Institutional investors own 90.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MXL shares. Northland Securities lifted their price target on MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research report on Monday, January 6th. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Wells Fargo & Company raised their price objective 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. Stifel Nicolaus cut their target price on shares of MaxLinear from $26.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, Benchmark decreased their price target on shares of MaxLinear from $28.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.36.

MaxLinear Stock Down 3.0 %

MXL stock opened at $9.91 on Tuesday. The company’s 50 day simple moving average is $12.60 and its 200-day simple moving average is $15.86. MaxLinear, Inc. has a 52-week low of $8.35 and a 52-week 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 firm has a market capitalization of $838.72 million, a P/E ratio of -3.38 and a beta of 1.82.

MaxLinear (NASDAQ:MXL) last issued its earnings results 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 return on equity of 21.94% and a negative net margin of 68.01%. As a group, equities research analysts anticipate that MaxLinear, Inc. will post -0.37 EPS 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.