MaxLinear, Inc. (NASDAQ:MXL) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its position in MaxLinear, Inc. (NASDAQ:MXL) by 154.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,594 shares of the semiconductor company’s stock after purchasing an additional 38,622 shares during the period. Fox Run Management L.L.C. owned about 0.08% of MaxLinear worth $1,258,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in MaxLinear by 339.9% during 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 acquiring an additional 966,468 shares during the last quarter. Victory Capital Management Inc. lifted 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 period. FMR LLC boosted its holdings in shares of MaxLinear by 184.5% during the third quarter. FMR LLC now owns 456,929 shares of the semiconductor company’s stock worth $6,616,000 after purchasing an additional 296,339 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of MaxLinear by 36.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,089,065 shares of the semiconductor company’s stock valued at $15,770,000 after purchasing an additional 291,874 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in MaxLinear by 44.6% in the third 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. 90.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

MaxLinear Stock Performance

NASDAQ:MXL opened at $12.70 on Friday. The firm’s fifty day simple moving average is $16.98 and its 200 day simple moving average is $16.37. 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, Inc. has a twelve month low of $11.08 and a twelve month high of $26.59. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -4.33 and a beta of 1.76.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) 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%. As a group, equities research analysts expect that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

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.