Cwm LLC Raises Stock Position in MaxLinear, Inc. (NASDAQ:MXL)

Cwm LLC lifted its stake in MaxLinear, Inc. (NASDAQ:MXL) by 321.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,793 shares of the semiconductor company’s stock after purchasing an additional 4,418 shares during the period. Cwm LLC’s holdings in MaxLinear were worth $84,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in MaxLinear by 58.0% in the 1st quarter. BNP Paribas Financial Markets now owns 265,567 shares of the semiconductor company’s stock worth $4,958,000 after acquiring an additional 97,447 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of MaxLinear by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock worth $275,406,000 after acquiring an additional 903,235 shares during the period. Edgestream Partners L.P. increased its position in MaxLinear by 69.5% during the first quarter. Edgestream Partners L.P. now owns 105,355 shares of the semiconductor company’s stock valued at $1,967,000 after acquiring an additional 43,181 shares during the last quarter. EntryPoint Capital LLC bought a new position in MaxLinear in the first quarter valued at about $59,000. Finally, Millennium Management LLC boosted its position in MaxLinear by 307.9% in the second quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company’s stock worth $21,039,000 after purchasing an additional 788,558 shares during the last quarter. Institutional investors own 90.79% of the company’s stock.

Insiders Place Their Bets

In other MaxLinear news, CEO Kishore Seendripu purchased 108,303 shares of MaxLinear stock in a transaction on Tuesday, July 30th. The stock was bought at an average cost of $12.94 per share, with a total value of $1,401,440.82. Following the transaction, the chief executive officer now owns 531,937 shares of the company’s stock, valued at $6,883,264.78. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is owned by insiders.

MaxLinear Trading Down 1.6 %

NASDAQ MXL opened at $14.85 on Friday. MaxLinear, Inc. has a one year low of $11.08 and a one year high of $26.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 2.09. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -6.43 and a beta of 1.83. The company’s 50-day simple moving average is $13.87 and its two-hundred day simple moving average is $17.07.

MaxLinear (NASDAQ:MXL) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The company had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $80.40 million. MaxLinear had a negative return on equity of 12.39% and a negative net margin of 42.38%. The firm’s quarterly revenue was down 40.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. Equities analysts forecast that MaxLinear, Inc. will post -1.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MXL has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on shares of MaxLinear from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Craig Hallum dropped their price target on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research note on Thursday. Susquehanna downgraded MaxLinear from a “positive” rating to a “neutral” rating and lowered their target price for the company from $26.00 to $15.00 in a research report on Tuesday, October 1st. Finally, Northland Securities cut their price target on MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, MaxLinear presently has a consensus rating of “Hold” and an average price target of $23.86.

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.