Stifel Financial Corp Purchases 23,300 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Stifel Financial Corp boosted its position in shares of MaxLinear, Inc. (NASDAQ:MXL) by 97.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,253 shares of the semiconductor company’s stock after buying an additional 23,300 shares during the period. Stifel Financial Corp owned approximately 0.06% of MaxLinear worth $935,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in shares of MaxLinear by 339.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company’s stock valued at $24,740,000 after acquiring an additional 966,468 shares during the last quarter. Victory Capital Management Inc. raised its position in MaxLinear by 422.1% during the fourth quarter. Victory Capital Management Inc. now owns 815,931 shares of the semiconductor company’s stock valued at $16,139,000 after purchasing an additional 659,662 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of MaxLinear by 44.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company’s stock valued at $13,550,000 after purchasing an additional 288,607 shares during the last quarter. Barclays PLC boosted its holdings in shares of MaxLinear by 66.9% in the 4th quarter. Barclays PLC now owns 560,313 shares of the semiconductor company’s stock worth $11,083,000 after purchasing an additional 224,509 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in MaxLinear during the 4th quarter valued at $3,709,000. 90.79% of the stock is owned by institutional investors.

Insider Activity at MaxLinear

In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $10.40, for a total value of $63,138.40. Following the completion of the transaction, the director now directly owns 74,995 shares in the company, valued at approximately $779,948. The trade was a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on MXL. Benchmark reiterated a “buy” rating and set a $20.00 price objective on shares of MaxLinear in a research report on Thursday, April 24th. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Loop Capital cut their target price on MaxLinear from $18.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company raised their price target on MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Finally, Stifel Nicolaus cut their price objective on MaxLinear from $26.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.06.

MaxLinear Price Performance

Shares of MXL stock opened at $11.34 on Friday. MaxLinear, Inc. has a twelve month low of $8.35 and a twelve month high of $26.59. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $11.17 and a two-hundred day simple moving average of $15.49. The stock has a market capitalization of $959.75 million, a price-to-earnings ratio of -3.87 and a beta of 1.66.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. The company had revenue of $95.93 million during the quarter, compared to analyst estimates of $95.32 million. During the same period in the prior year, the firm earned ($0.21) earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts predict that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

MaxLinear Company 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.