Mackenzie Financial Corp Sells 25,276 Shares of MaxLinear, Inc. (NYSE:MXL)

Mackenzie Financial Corp lessened its position in MaxLinear, Inc. (NYSE:MXL) by 60.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,633 shares of the semiconductor company’s stock after selling 25,276 shares during the period. Mackenzie Financial Corp’s holdings in MaxLinear were worth $395,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in MaxLinear by 12.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,683,038 shares of the semiconductor company’s stock valued at $237,698,000 after acquiring an additional 1,199,257 shares during the period. Invesco Ltd. lifted its position in MaxLinear by 97.1% during the 3rd quarter. Invesco Ltd. now owns 3,482,949 shares of the semiconductor company’s stock valued at $77,496,000 after acquiring an additional 1,716,026 shares during the period. HighTower Advisors LLC lifted its position in MaxLinear by 0.7% during the 3rd quarter. HighTower Advisors LLC now owns 684,910 shares of the semiconductor company’s stock valued at $15,240,000 after acquiring an additional 4,683 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in MaxLinear by 423.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock valued at $14,622,000 after acquiring an additional 531,529 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in MaxLinear by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 632,251 shares of the semiconductor company’s stock valued at $14,068,000 after acquiring an additional 31,589 shares during the period. Institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Down 0.4 %

MXL opened at $20.59 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $19.92 and a 200-day moving average price of $19.94. MaxLinear, Inc. has a twelve month low of $13.43 and a twelve month high of $35.09. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -10.89 and a beta of 1.98.

MaxLinear (NYSE:MXL) last released its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.02. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.75%. The firm had revenue of $95.27 million during the quarter, compared to analysts’ expectations of $94.99 million. Equities research analysts forecast that MaxLinear, Inc. will post -0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MXL. StockNews.com cut shares of MaxLinear from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company cut shares of MaxLinear from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $35.00 to $25.00 in a report on Wednesday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of MaxLinear in a report on Thursday. Northland Securities raised shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Thursday, April 4th. Finally, Benchmark reaffirmed a “buy” rating and issued a $28.00 target price on shares of MaxLinear in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.09.

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.