GAMMA Investing LLC Buys 36,754 Shares of MaxLinear, Inc (NASDAQ:MXL)

GAMMA Investing LLC grew its holdings in shares of MaxLinear, Inc (NASDAQ:MXL) by 889.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,888 shares of the semiconductor company’s stock after purchasing an additional 36,754 shares during the period. GAMMA Investing LLC’s holdings in MaxLinear were worth $444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MXL. Wellington Management Group LLP acquired a new stake in MaxLinear in the 4th quarter worth about $3,709,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in MaxLinear by 5.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,210 shares of the semiconductor company’s stock valued at $2,912,000 after purchasing an additional 7,711 shares during the period. Two Sigma Advisers LP raised its position in MaxLinear by 29.2% in the fourth quarter. Two Sigma Advisers LP now owns 896,549 shares of the semiconductor company’s stock valued at $17,734,000 after purchasing an additional 202,400 shares during the period. Two Sigma Investments LP raised its position in MaxLinear by 27.7% in the fourth quarter. Two Sigma Investments LP now owns 929,890 shares of the semiconductor company’s stock valued at $18,393,000 after purchasing an additional 201,607 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of MaxLinear by 1,813.5% in the fourth quarter. Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company’s stock worth $24,850,000 after acquiring an additional 1,190,647 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Up 2.7%

Shares of MXL opened at $13.11 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.63 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $14.96. MaxLinear, Inc has a 1-year low of $8.35 and a 1-year high of $26.59. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -4.98 and a beta of 1.68.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $95.93 million during the quarter, compared to analysts’ expectations of $95.32 million. MaxLinear had a negative net margin of 61.63% and a negative return on equity of 21.86%. The company’s revenue was up .7% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS. Equities analysts forecast that MaxLinear, Inc will post -0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Benchmark reiterated a “buy” rating and set a $20.00 target price on shares of MaxLinear in a research note on Thursday, April 24th. Roth Capital set a $11.00 target price on shares of MaxLinear and gave the stock a “neutral” rating in a research note on Thursday, April 24th. Loop Capital decreased their target price on shares of MaxLinear from $18.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus cut their price target on shares of MaxLinear from $26.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.06.

Insiders Place Their Bets

In related news, Director Ted L. Tewksbury III sold 6,071 shares of MaxLinear stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $10.40, for a total transaction of $63,138.40. Following the transaction, the director now owns 74,995 shares in the company, valued at approximately $779,948. The trade was a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is owned by corporate insiders.

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.