Trexquant Investment LP Buys New Position in MaxLinear, Inc. (NASDAQ:MXL)

Trexquant Investment LP purchased a new position in shares of MaxLinear, Inc. (NASDAQ:MXL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,460 shares of the semiconductor company’s stock, valued at approximately $306,000.

A number of other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its holdings in MaxLinear by 29.0% in the 4th 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 during the last quarter. R Squared Ltd acquired a new stake in MaxLinear in the 4th quarter worth about $45,000. Wealthfront Advisers LLC purchased a new stake in MaxLinear in the 4th quarter valued at about $45,000. Larson Financial Group LLC increased its stake 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 valued at $56,000 after acquiring an additional 2,721 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of MaxLinear by 95.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

Analyst Ratings Changes

MXL has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities increased their target price on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Susquehanna decreased their price objective 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, Benchmark reissued a “buy” rating and issued a $28.00 target price on shares of MaxLinear in a research note on Thursday, January 30th. One research 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, the company currently has a consensus rating of “Hold” and an average price target of $25.50.

MaxLinear Stock Down 2.5 %

Shares of MaxLinear stock opened at $9.84 on Monday. 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 1-year low of $8.35 and a 1-year high of $26.59. The business has a 50-day moving average of $13.42 and a 200-day moving average of $16.01. The company has a market capitalization of $832.80 million, a PE ratio of -3.36 and a beta of 1.82.

MaxLinear (NASDAQ:MXL) last released 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, equities analysts forecast that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

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.