US Bancorp DE Sells 24,688 Shares of MaxLinear, Inc. (NASDAQ:MXL)

US Bancorp DE lowered its position in MaxLinear, Inc. (NASDAQ:MXL) by 86.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,920 shares of the semiconductor company’s stock after selling 24,688 shares during the quarter. US Bancorp DE’s holdings in MaxLinear were worth $78,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pacer Advisors Inc. lifted its position in MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after buying an additional 443 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of MaxLinear during the third quarter worth approximately $42,000. R Squared Ltd bought a new stake in shares of MaxLinear during the fourth quarter valued at approximately $45,000. GAMMA Investing LLC raised its position in MaxLinear by 19.1% in the 4th quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 662 shares during the last quarter. Finally, Captrust Financial Advisors bought a new position in MaxLinear in the 3rd quarter valued at $159,000. 90.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MXL shares. Wells Fargo & Company boosted their target price on MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Northland Securities upped their target price on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and issued a $28.00 target price on shares of MaxLinear in a research note on Thursday, January 30th. Susquehanna dropped their price target on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.50.

MaxLinear Stock Performance

Shares of MXL stock opened at $13.23 on Tuesday. The stock has a market cap of $1.12 billion, a PE ratio of -4.52 and a beta of 1.76. The stock has a 50-day moving average of $17.73 and a 200-day moving average of $16.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. MaxLinear, Inc. has a one year low of $11.08 and a one year high of $26.59.

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 net margin of 68.01% and a negative return on equity of 21.94%. As a group, sell-side analysts expect that MaxLinear, Inc. will post -0.37 earnings per share 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.