Mirae Asset Global Investments Co. Ltd. Purchases 3,278 Shares of MaxLinear, Inc. (NYSE:MXL)

Mirae Asset Global Investments Co. Ltd. raised its position in MaxLinear, Inc. (NYSE:MXL) by 10.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 35,132 shares of the semiconductor company’s stock after acquiring an additional 3,278 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in MaxLinear were worth $835,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of MaxLinear by 712.8% during the 3rd quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 2,010 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of MaxLinear by 659.9% during the 3rd quarter. SG Americas Securities LLC now owns 33,837 shares of the semiconductor company’s stock worth $753,000 after purchasing an additional 29,384 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of MaxLinear during the 3rd quarter worth approximately $132,000. Simplicity Solutions LLC raised its stake in shares of MaxLinear by 523.2% during the 3rd quarter. Simplicity Solutions LLC now owns 42,735 shares of the semiconductor company’s stock worth $951,000 after purchasing an additional 35,878 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of MaxLinear during the 3rd quarter worth approximately $273,000. Institutional investors own 90.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MXL shares. Northland Securities upgraded MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Thursday, April 4th. Needham & Company LLC decreased their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Wells Fargo & Company lowered 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. StockNews.com raised MaxLinear from a “sell” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Benchmark boosted their target price on MaxLinear from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.09.

MaxLinear Stock Performance

Shares of NYSE MXL opened at $20.93 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.20 and a quick ratio of 1.75. The stock’s fifty day moving average price is $19.85 and its two-hundred day moving average price is $19.94. MaxLinear, Inc. has a one year low of $13.43 and a one year high of $35.09. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -23.09 and a beta of 1.98.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported ($0.17) EPS for the quarter, meeting analysts’ consensus estimates of ($0.17). MaxLinear had a positive return on equity of 4.77% and a negative net margin of 10.55%. The firm had revenue of $125.35 million for the quarter, compared to analyst estimates of $125.06 million. On average, equities analysts forecast that MaxLinear, Inc. will post -0.8 EPS for the current year.

MaxLinear 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.