Allspring Global Investments Holdings LLC Has $99,000 Holdings in MaxLinear, Inc. (NYSE:MXL)

Allspring Global Investments Holdings LLC lowered its stake in shares of MaxLinear, Inc. (NYSE:MXL) by 50.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,154 shares of the semiconductor company’s stock after selling 4,166 shares during the period. Allspring Global Investments Holdings LLC’s holdings in MaxLinear were worth $99,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of MaxLinear by 712.8% in the 3rd quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 2,010 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in MaxLinear by 27.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 862 shares during the last quarter. Nisa Investment Advisors LLC grew its position in MaxLinear by 8.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 490 shares in the last quarter. Truvestments Capital LLC increased its stake in MaxLinear by 32.0% in the 3rd quarter. Truvestments Capital LLC now owns 8,429 shares of the semiconductor company’s stock valued at $188,000 after buying an additional 2,042 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of MaxLinear by 48.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,847 shares of the semiconductor company’s stock worth $197,000 after buying an additional 2,897 shares in the last quarter. 90.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MXL has been the subject of a number of research analyst reports. Northland Securities raised MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Thursday, April 4th. Wells Fargo & Company lowered MaxLinear from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Benchmark reissued a “buy” rating and issued a $28.00 price target on shares of MaxLinear in a report on Thursday, April 25th. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of MaxLinear in a research report on Thursday, April 25th. Finally, StockNews.com lowered shares of MaxLinear from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.09.

MaxLinear Stock Up 2.8 %

MXL opened at $21.17 on Tuesday. The company has a 50 day moving average of $19.96 and a 200 day moving average of $19.90. The company has a current ratio of 1.99, a quick ratio of 1.56 and a debt-to-equity ratio of 0.19. MaxLinear, Inc. has a 12 month low of $13.43 and a 12 month high of $35.09. The company has a market cap of $1.73 billion, a PE ratio of -11.20 and a beta of 1.98.

MaxLinear (NYSE:MXL) last announced its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.02. MaxLinear had a negative return on equity of 4.75% and a negative net margin of 28.70%. The company had revenue of $95.27 million during the quarter, compared to analysts’ expectations of $94.99 million. On average, sell-side analysts expect that MaxLinear, Inc. will post -0.8 EPS for the current year.

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.