Louisiana State Employees Retirement System Purchases New Position in MaxLinear, Inc. (NYSE:MXL)

Louisiana State Employees Retirement System purchased a new stake in MaxLinear, Inc. (NYSE:MXL) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 37,100 shares of the semiconductor company’s stock, valued at approximately $882,000.

Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in MaxLinear by 354.9% in the 3rd quarter. Acadian Asset Management LLC now owns 39,519 shares of the semiconductor company’s stock valued at $876,000 after acquiring an additional 30,832 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of MaxLinear by 423.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock worth $14,622,000 after buying an additional 531,529 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of MaxLinear by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 632,251 shares of the semiconductor company’s stock worth $14,068,000 after buying an additional 31,589 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of MaxLinear by 180.9% during the 3rd quarter. GSA Capital Partners LLP now owns 82,324 shares of the semiconductor company’s stock worth $1,832,000 after buying an additional 53,013 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of MaxLinear by 111.2% during the 3rd quarter. Hsbc Holdings PLC now owns 113,497 shares of the semiconductor company’s stock worth $2,534,000 after buying an additional 59,760 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Down 1.2 %

MaxLinear stock opened at $20.68 on Friday. MaxLinear, Inc. has a 1-year low of $13.43 and a 1-year high of $35.09. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -23.24 and a beta of 1.98. The company has a current ratio of 2.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $19.89 and a 200 day simple moving average of $19.95.

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 analysts’ consensus estimates of ($0.40) by $0.02. MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. The business had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.99 million. On average, analysts predict that MaxLinear, Inc. will post -0.8 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on MXL. Benchmark reissued a “buy” rating and set a $28.00 target price on shares of MaxLinear in a research report on Thursday. StockNews.com lowered shares of MaxLinear from a “hold” rating to a “sell” rating in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of MaxLinear in a research note on Thursday. Wells Fargo & Company lowered shares of MaxLinear from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $35.00 to $25.00 in a research note on Wednesday, January 3rd. Finally, Northland Securities upgraded shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.09.

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.