ExodusPoint Capital Management LP Invests $1.86 Million in MaxLinear, Inc. (NASDAQ:MXL)

ExodusPoint Capital Management LP purchased a new stake in shares of MaxLinear, Inc. (NASDAQ:MXL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 93,982 shares of the semiconductor company’s stock, valued at approximately $1,859,000. ExodusPoint Capital Management LP owned about 0.11% of MaxLinear as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew 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 worth $39,000 after acquiring an additional 443 shares during the period. GAMMA Investing LLC boosted its holdings in MaxLinear by 19.1% in the fourth quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 662 shares during the last quarter. PNC Financial Services Group Inc. grew its position in MaxLinear by 95.4% in the 4th 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 period. Wealthfront Advisers LLC purchased a new stake in MaxLinear during the 4th quarter valued at $45,000. Finally, R Squared Ltd bought a new position in shares of MaxLinear during the 4th quarter valued at $45,000. Institutional investors own 90.79% of the company’s stock.

MaxLinear Price Performance

Shares of NASDAQ:MXL opened at $9.15 on Wednesday. The company has a market capitalization of $774.40 million, a P/E ratio of -3.12 and a beta of 1.82. MaxLinear, Inc. has a 1-year low of $8.35 and a 1-year high of $26.59. The firm’s 50 day simple moving average is $14.01 and its two-hundred day simple moving average is $16.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28.

MaxLinear (NASDAQ:MXL) last released its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. Research analysts expect that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Susquehanna cut their price objective on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Wells Fargo & Company upped their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Northland Securities raised their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a report on Monday, January 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Finally, Benchmark reiterated a “buy” rating and issued a $28.00 price target on shares of MaxLinear in a research report on Thursday, January 30th. One equities 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.50.

MaxLinear Company Profile

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.