HighTower Advisors LLC Sells 15,734 Shares of MaxLinear, Inc. (NASDAQ:MXL)

HighTower Advisors LLC decreased its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 667,606 shares of the semiconductor company’s stock after selling 15,734 shares during the period. HighTower Advisors LLC owned about 0.79% of MaxLinear worth $13,205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MXL. Pacer Advisors Inc. raised its stake in shares of MaxLinear by 29.0% in the fourth 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. Truvestments Capital LLC bought a new position in shares of MaxLinear in the third quarter valued at approximately $42,000. R Squared Ltd bought a new position in shares of MaxLinear in the fourth quarter valued at approximately $45,000. Wealthfront Advisers LLC bought a new position in shares of MaxLinear in the fourth quarter valued at approximately $45,000. Finally, Larson Financial Group LLC raised its stake in shares of MaxLinear by 3,092.0% in the fourth 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. Institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Up 2.2 %

MXL opened at $12.68 on Monday. The stock has a market capitalization of $1.07 billion, a P/E ratio of -4.33 and a beta of 1.76. MaxLinear, Inc. has a 12 month low of $11.08 and a 12 month high of $26.59. The firm’s fifty day simple moving average is $17.73 and its 200 day simple moving average is $16.46. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings data 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, research analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MXL. Wells Fargo & Company raised their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Susquehanna decreased their price target on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Northland Securities boosted their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th. Finally, Benchmark reissued a “buy” rating and issued a $28.00 price target on shares of MaxLinear in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.50.

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.