Weybosset Research & Management LLC Acquires 23,576 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Weybosset Research & Management LLC raised its stake in shares of MaxLinear, Inc. (NASDAQ:MXL) by 34.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,731 shares of the semiconductor company’s stock after buying an additional 23,576 shares during the quarter. MaxLinear comprises approximately 0.6% of Weybosset Research & Management LLC’s holdings, making the stock its 25th largest position. Weybosset Research & Management LLC owned about 0.11% of MaxLinear worth $1,834,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in shares of MaxLinear during the 2nd quarter worth about $56,000. Truvestments Capital LLC purchased a new stake in shares of MaxLinear during the third quarter valued at $42,000. GAMMA Investing LLC boosted its stake in shares of MaxLinear by 151.8% during the third quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 2,093 shares during the period. CWM LLC grew its holdings in shares of MaxLinear by 321.3% in the third quarter. CWM LLC now owns 5,793 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 4,418 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in MaxLinear by 20.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 7,761 shares of the semiconductor company’s stock worth $112,000 after buying an additional 1,308 shares during the period. Institutional investors own 90.79% of the company’s stock.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, VP William Torgerson sold 6,100 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $15.40, for a total value of $93,940.00. Following the completion of the transaction, the vice president now owns 179,262 shares in the company, valued at approximately $2,760,634.80. This represents a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ted L. Tewksbury III sold 5,800 shares of MaxLinear stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.36, for a total value of $89,088.00. Following the completion of the transaction, the director now owns 69,717 shares of the company’s stock, valued at approximately $1,070,853.12. This represents a 7.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,900 shares of company stock valued at $927,278. 8.60% of the stock is owned by insiders.

MaxLinear Stock Performance

Shares of NASDAQ MXL traded down $0.74 during mid-day trading on Friday, hitting $19.80. The stock had a trading volume of 369,528 shares, compared to its average volume of 1,078,708. The company has a 50 day moving average of $17.59 and a two-hundred day moving average of $16.37. MaxLinear, Inc. has a twelve month low of $11.08 and a twelve month high of $26.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.95. The firm has a market cap of $1.67 billion, a PE ratio of -7.28 and a beta of 1.79.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The business had revenue of $81.10 million for the quarter, compared to analyst estimates of $80.40 million. MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The business’s revenue was down 40.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Research analysts predict that MaxLinear, Inc. will post -1.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MXL. Craig Hallum reduced their target price on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a report on Thursday, October 24th. Susquehanna cut MaxLinear from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $26.00 to $15.00 in a research note on Tuesday, October 1st. Wells Fargo & Company assumed coverage on shares of MaxLinear in a report on Friday, November 22nd. They issued an “equal weight” rating and a $14.00 price target on the stock. Finally, Benchmark boosted their price objective on shares of MaxLinear from $22.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MaxLinear presently has an average rating of “Hold” and a consensus price target of $23.50.

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.