136,875 Shares in MaxLinear, Inc (NASDAQ:MXL) Purchased by Federated Hermes Inc.

Federated Hermes Inc. purchased a new stake in MaxLinear, Inc (NASDAQ:MXL) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 136,875 shares of the semiconductor company’s stock, valued at approximately $1,486,000. Federated Hermes Inc. owned approximately 0.16% of MaxLinear at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of MaxLinear by 5.5% during the 4th 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 acquiring an additional 7,711 shares during the last quarter. Principal Financial Group Inc. raised its position in MaxLinear by 2.7% in the first quarter. Principal Financial Group Inc. now owns 384,677 shares of the semiconductor company’s stock valued at $4,178,000 after purchasing an additional 9,955 shares during the period. GAMMA Investing LLC lifted its stake in shares of MaxLinear by 889.1% in the 1st quarter. GAMMA Investing LLC now owns 40,888 shares of the semiconductor company’s stock valued at $444,000 after purchasing an additional 36,754 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of MaxLinear in the 1st quarter valued at $266,000. Finally, First Trust Advisors LP purchased a new position in shares of MaxLinear during the 4th quarter worth $280,000. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

MaxLinear Stock Up 0.5%

MaxLinear stock opened at $15.20 on Thursday. The stock’s 50 day moving average price is $14.17 and its 200 day moving average price is $13.78. MaxLinear, Inc has a 1-year low of $8.35 and a 1-year high of $25.73. The company has a market cap of $1.32 billion, a PE ratio of -6.15 and a beta of 1.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.55 and a quick ratio of 1.14.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings data on Wednesday, July 23rd. The semiconductor company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. MaxLinear had a negative net margin of 55.53% and a negative return on equity of 18.16%. The firm had revenue of $108.81 million for the quarter, compared to the consensus estimate of $104.94 million. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts predict that MaxLinear, Inc will post -0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MXL shares. Susquehanna boosted their price target on shares of MaxLinear from $11.00 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Benchmark raised their price target on shares of MaxLinear from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Stifel Nicolaus boosted their price target on shares of MaxLinear from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. 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. Finally, Wells Fargo & Company boosted their target price on MaxLinear from $13.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, MaxLinear currently has an average rating of “Moderate Buy” and an average target price of $19.31.

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.