1 week Ago By ABMN Staff
Wellington Management Group LLP acquired a new stake in shares of MaxLinear, Inc. ( NASDAQ:MXL – Free Report ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 187,500 shares of the semiconductor company’s stock, valued at approximately $3,709,000.
Wellington Management Group LLP owned 0.22% of MaxLinear as of its most recent SEC filing. Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock.
Pacer Advisors Inc. lifted its holdings 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 buying an additional 443 shares during the period. R Squared Ltd purchased a new stake in MaxLinear during the fourth quarter valued at $45,000.
Wealthfront Advisers LLC purchased a new stake in MaxLinear during the fourth quarter valued at $45,000. Larson Financial Group LLC lifted its holdings in 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 period. Finally, PNC Financial Services Group Inc. boosted its position in 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 purchasing an additional 1,900 shares during the last quarter.
Hedge funds and other institutional investors own 90.79% of the company’s stock. Analyst Upgrades and Downgrades Several equities research analysts have recently commented on MXL shares.
Northland Securities upped their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research report on Monday, January 6th.
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 report on Thursday, January 30th.
Susquehanna cut their price objective on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th.
Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. Finally, Benchmark reiterated a “buy” rating and set a $28.00 target price on shares of MaxLinear in a research report on Thursday, January 30th.
One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.
50. MaxLinear Trading Down 2.5 % Shares of MaxLinear stock opened at $9.
84 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.
28 and a current ratio of 1.77. The company has a fifty day moving average of $13.
60 and a 200 day moving average of $16.04. The company has a market capitalization of $832.
80 million, a P/E ratio of -3.36 and a beta of 1.82.
MaxLinear, Inc. has a fifty-two week low of $8.35 and a fifty-two week high of $26.
59. MaxLinear ( NASDAQ:MXL – Get Free Report ) last released its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.
27) earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.
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. Featured Articles 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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