MaxLinear, Inc. (NASDAQ:MXL) Shares Bought by Weybosset Research & Management LLC

Weybosset Research & Management LLC grew its stake in MaxLinear, Inc. (NASDAQ:MXL) by 34.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,731 shares of the semiconductor company’s stock after purchasing an additional 23,576 shares during the period. MaxLinear makes up about 0.6% of Weybosset Research & Management LLC’s holdings, making the stock its 25th largest holding. Weybosset Research & Management LLC’s holdings in MaxLinear were worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in MaxLinear by 19.1% in the fourth quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock valued at $82,000 after acquiring an additional 662 shares during the last quarter. 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. Geode Capital Management LLC grew its holdings in shares of MaxLinear by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company’s stock worth $26,152,000 after purchasing an additional 6,420 shares during the period. Barclays PLC raised its holdings in MaxLinear by 47.6% in the 3rd quarter. Barclays PLC now owns 335,804 shares of the semiconductor company’s stock valued at $4,860,000 after buying an additional 108,346 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in MaxLinear by 4,298.1% in the third quarter. Public Employees Retirement System of Ohio now owns 20,979 shares of the semiconductor company’s stock valued at $304,000 after buying an additional 20,502 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

MaxLinear Stock Down 3.6 %

NASDAQ MXL traded down $0.74 on Friday, hitting $19.80. 369,528 shares of the stock were exchanged, compared to its average volume of 1,078,708. MaxLinear, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $26.59. The company has a 50-day moving average price of $17.59 and a 200-day moving average price of $16.37. The company has a market cap of $1.67 billion, a PE ratio of -7.28 and a beta of 1.79. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22.

MaxLinear (NASDAQ:MXL) last posted its quarterly 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 business had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.40 million. MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The firm’s quarterly revenue was down 40.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share. Sell-side analysts anticipate that MaxLinear, Inc. will post -1.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MXL has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research note on Thursday, October 24th. Benchmark raised their price target on MaxLinear from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Craig Hallum dropped their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Susquehanna lowered shares of MaxLinear from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $26.00 to $15.00 in a research note on Tuesday, October 1st. Finally, 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 report on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $23.50.

Insider Buying and Selling

In other MaxLinear news, insider Steven G. Litchfield sold 32,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.35, for a total value of $651,200.00. Following the completion of the sale, the insider now owns 365,868 shares in the company, valued at approximately $7,445,413.80. The trade was a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ted L. Tewksbury III sold 5,800 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $15.36, for a total transaction of $89,088.00. Following the completion of the sale, the director now owns 69,717 shares of the company’s stock, valued at approximately $1,070,853.12. This trade represents a 7.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,900 shares of company stock worth $927,278 over the last 90 days. 8.60% of the stock is owned by insiders.

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.