MaxLinear, Inc. (NASDAQ:MXL) Holdings Decreased by Numerai GP LLC

Numerai GP LLC cut its position in shares of MaxLinear, Inc. (NASDAQ:MXL) by 56.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,497 shares of the semiconductor company’s stock after selling 93,586 shares during the quarter. Numerai GP LLC owned 0.09% of MaxLinear worth $1,434,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in MaxLinear by 311.9% in the fourth quarter. Millennium Management LLC now owns 841,993 shares of the semiconductor company’s stock valued at $16,655,000 after acquiring an additional 637,567 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in MaxLinear by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,394 shares of the semiconductor company’s stock valued at $898,000 after purchasing an additional 2,004 shares during the period. Deutsche Bank AG grew its stake in MaxLinear by 105.8% during the 4th quarter. Deutsche Bank AG now owns 447,573 shares of the semiconductor company’s stock worth $8,853,000 after buying an additional 230,089 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in MaxLinear in the fourth quarter worth $12,675,000. Finally, Balyasny Asset Management L.P. bought a new stake in MaxLinear in the fourth quarter valued at $2,397,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $10.40, for a total value of $63,138.40. Following the completion of the transaction, the director now directly owns 74,995 shares in the company, valued at $779,948. This trade represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 7.80% of the stock is owned by corporate insiders.

MaxLinear Stock Up 4.8%

MXL opened at $12.83 on Wednesday. The stock’s fifty day moving average is $11.16 and its 200-day moving average is $15.46. MaxLinear, Inc. has a one year low of $8.35 and a one year high of $26.59. The company has a market capitalization of $1.09 billion, a PE ratio of -4.38 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $95.93 million during the quarter, compared to the consensus estimate of $95.32 million. MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. MaxLinear’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.21) EPS. On average, equities analysts predict that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on MXL. Benchmark restated a “buy” rating and set a $20.00 price target on shares of MaxLinear in a research report on Thursday, April 24th. Loop Capital dropped their price target on shares of MaxLinear from $18.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company boosted their price objective on MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Stifel Nicolaus decreased their price target on MaxLinear from $26.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, Roth Capital set a $11.00 price objective on shares of MaxLinear and gave the company a “neutral” rating in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.06.

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.