3 days Ago By ABMN Staff
Geode Capital Management LLC increased its stake in shares of MaxLinear, Inc. ( NASDAQ:MXL – Free Report ) by 0.2% in the 4th quarter, HoldingsChannel.
com reports. The firm owned 1,809,292 shares of the semiconductor company’s stock after buying an additional 3,570 shares during the quarter. Geode Capital Management LLC’s holdings in MaxLinear were worth $35,796,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A.
increased its holdings in MaxLinear by 339.9% in the fourth quarter. Assenagon Asset Management S.
A. now owns 1,250,769 shares of the semiconductor company’s stock worth $24,740,000 after buying an additional 966,468 shares during the last quarter. Victory Capital Management Inc.
increased its stake in shares of MaxLinear by 422.1% during the 4th quarter. Victory Capital Management Inc.
now owns 815,931 shares of the semiconductor company’s stock worth $16,139,000 after purchasing an additional 659,662 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MaxLinear by 44.
6% during 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 in the last quarter.
State Street Corp lifted its stake in shares of MaxLinear by 5.1% in the 3rd quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company’s stock valued at $59,707,000 after purchasing an additional 198,791 shares during the last quarter.
Finally, Wellington Management Group LLP acquired a new stake in shares of MaxLinear in the 4th quarter valued at $3,709,000. Institutional investors and hedge funds own 90.79% of the company’s stock.
Analyst Upgrades and Downgrades Several equities analysts have weighed in on the company. Northland Securities raised 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 cut their price objective on MaxLinear from $25.00 to $23.
00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Benchmark reduced their target price on MaxLinear from $28.00 to $20.
00 and set a “buy” rating for the company in a report on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price objective 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. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company.
Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.36.
MaxLinear Stock Performance Shares of NASDAQ MXL opened at $10.15 on Thursday. MaxLinear, Inc.
has a 12 month low of $8.35 and a 12 month high of $26.59.
The company has a market cap of $859.04 million, a P/E ratio of -3.46 and a beta of 1.
82. The business’s 50 day moving average is $13.10 and its two-hundred day moving average is $15.
93. The company has a quick ratio of 1.28, a current ratio of 1.
77 and a debt-to-equity ratio of 0.24. MaxLinear ( NASDAQ:MXL – Get Free Report ) last announced its earnings results on Wednesday, January 29th.
The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.
14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.
01%. On average, equities analysts expect that MaxLinear, Inc. will post -0.
37 EPS for the current year. MaxLinear Profile ( 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.
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