Federated Hermes Inc. Has $3.87 Million Stock Position in MaxLinear, Inc. (NYSE:MXL)

Federated Hermes Inc. increased its position in MaxLinear, Inc. (NYSE:MXL) by 2,412.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,916 shares of the semiconductor company’s stock after buying an additional 156,431 shares during the period. Federated Hermes Inc. owned 0.20% of MaxLinear worth $3,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in MaxLinear by 97.1% in the third quarter. Invesco Ltd. now owns 3,482,949 shares of the semiconductor company’s stock worth $77,496,000 after acquiring an additional 1,716,026 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of MaxLinear by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,683,038 shares of the semiconductor company’s stock worth $237,698,000 after purchasing an additional 1,199,257 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in MaxLinear by 423.1% in 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 purchasing an additional 531,529 shares during the period. Assenagon Asset Management S.A. bought a new stake in MaxLinear during the 4th quarter valued at $7,553,000. Finally, Managed Asset Portfolios LLC bought a new stake in MaxLinear during the 3rd quarter valued at $5,675,000. 90.79% of the stock is owned by institutional investors.

MaxLinear Price Performance

NYSE MXL opened at $20.59 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.20 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.69 billion, a PE ratio of -10.79 and a beta of 1.98. MaxLinear, Inc. has a 52 week low of $13.43 and a 52 week high of $35.09. The firm’s 50-day simple moving average is $19.90 and its two-hundred day simple moving average is $19.95.

MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.02. The company had revenue of $95.27 million for the quarter, compared to analyst estimates of $94.99 million. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.63%. Research analysts predict that MaxLinear, Inc. will post -0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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