MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $898,000 Stock Holdings in MaxLinear, Inc. (NASDAQ:MXL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in MaxLinear, Inc. (NASDAQ:MXL) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,394 shares of the semiconductor company’s stock after acquiring an additional 2,004 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of MaxLinear worth $898,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its position in MaxLinear by 47.6% during the third quarter. Barclays PLC now owns 335,804 shares of the semiconductor company’s stock worth $4,860,000 after acquiring an additional 108,346 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of MaxLinear by 10.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company’s stock valued at $25,098,000 after purchasing an additional 115,867 shares during the period. Principal Financial Group Inc. lifted its stake in MaxLinear by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 374,722 shares of the semiconductor company’s stock valued at $7,412,000 after purchasing an additional 12,838 shares during the last quarter. First Trust Advisors LP acquired a new stake in MaxLinear in the 4th quarter valued at about $280,000. Finally, Fox Run Management L.L.C. grew its holdings in MaxLinear by 154.7% during the fourth quarter. Fox Run Management L.L.C. now owns 63,594 shares of the semiconductor company’s stock worth $1,258,000 after purchasing an additional 38,622 shares during the period. Institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Down 0.9%

MXL stock opened at $11.57 on Tuesday. MaxLinear, Inc. has a fifty-two week low of $8.35 and a fifty-two week high of $26.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. The stock has a market capitalization of $979.22 million, a price-to-earnings ratio of -3.95 and a beta of 1.66. The business’s fifty day moving average price is $11.07 and its two-hundred day moving average price is $15.32.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. The business had revenue of $95.93 million for the quarter, compared to analyst estimates of $95.32 million. During the same period last year, the firm earned ($0.21) earnings per share. MaxLinear’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Ted L. Tewksbury III sold 6,071 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $10.40, for a total value of $63,138.40. Following the completion of the transaction, the director now owns 74,995 shares of the company’s stock, valued at $779,948. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MXL has been the topic of several research analyst reports. Roth Capital set a $11.00 price objective on MaxLinear and gave the company a “neutral” rating in a research note on Thursday, April 24th. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. Loop Capital reduced their price objective on shares of MaxLinear from $18.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company upped their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Finally, Susquehanna cut their target price on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.06.

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.