1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC reduced its position in shares of MaxLinear, Inc. ( NASDAQ:MXL – Free Report ) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 27,702 shares of the semiconductor company’s stock after selling 4,557 shares during the period. Orion Portfolio Solutions LLC’s holdings in MaxLinear were worth $548,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently bought and sold shares of the company.
Pacer Advisors Inc. lifted its position in shares of MaxLinear by 29.0% during 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 purchased a new stake in shares of MaxLinear during the fourth quarter valued at $45,000.
Wealthfront Advisers LLC acquired a new position in shares of MaxLinear in the 4th quarter valued at $45,000. Larson Financial Group LLC boosted its position in shares of MaxLinear by 3,092.0% in the 4th quarter.
Larson Financial Group LLC now owns 2,809 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 2,721 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in MaxLinear by 95.
4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company’s stock worth $77,000 after buying an additional 1,900 shares during the period.
90.79% of the stock is currently owned by institutional investors. MaxLinear Stock Performance Shares of MXL stock opened at $9.
47 on Tuesday. MaxLinear, Inc. has a fifty-two week low of $8.
35 and a fifty-two week high of $26.59. The stock’s 50-day moving average is $14.
49 and its two-hundred day moving average is $16.21. The company has a debt-to-equity ratio of 0.
24, a current ratio of 1.77 and a quick ratio of 1.28.
The firm has a market cap of $801.48 million, a P/E ratio of -3.23 and a beta of 1.
82. Analyst Ratings Changes MXL has been the subject of several recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th.
Wells Fargo & Company lifted their price objective on shares of 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 increased their target price on MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th.
Susquehanna lowered their price target on MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th.
Finally, Benchmark reissued a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a research note on Thursday, January 30th. One 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’s stock.
According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.50.
Get Our Latest Stock Analysis on MaxLinear About MaxLinear ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding MXL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for MaxLinear, Inc. ( NASDAQ:MXL – Free Report ). Receive News & Ratings for MaxLinear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MaxLinear and related companies with MarketBeat.
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