Altfest L J & Co. Inc. Buys New Position in MaxLinear, Inc $MXL

Altfest L J & Co. Inc. bought a new stake in shares of MaxLinear, Inc (NASDAQ:MXL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 24,340 shares of the semiconductor company’s stock, valued at approximately $424,000.

Several other hedge funds have also recently added to or reduced their stakes in MXL. Royal Bank of Canada lifted its position in shares of MaxLinear by 3.1% in the 1st quarter. Royal Bank of Canada now owns 72,664 shares of the semiconductor company’s stock worth $789,000 after acquiring an additional 2,204 shares during the period. AQR Capital Management LLC raised its holdings in shares of MaxLinear by 56.0% in the 1st quarter. AQR Capital Management LLC now owns 296,297 shares of the semiconductor company’s stock worth $3,218,000 after buying an additional 106,355 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of MaxLinear by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,437 shares of the semiconductor company’s stock worth $515,000 after buying an additional 2,043 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of MaxLinear by 0.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 535,230 shares of the semiconductor company’s stock worth $5,813,000 after buying an additional 2,039 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of MaxLinear by 23.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 182,362 shares of the semiconductor company’s stock worth $1,980,000 after buying an additional 35,152 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

Insiders Place Their Bets

In other MaxLinear news, insider Steven G. Litchfield sold 20,000 shares of MaxLinear stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $17.50, for a total transaction of $350,000.00. Following the transaction, the insider directly owned 368,364 shares in the company, valued at approximately $6,446,370. The trade was a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 44,929 shares of company stock worth $746,456 in the last 90 days. Insiders own 7.70% of the company’s stock.

Analyst Ratings Changes

MXL has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a report on Thursday, January 22nd. Benchmark boosted their target price on MaxLinear from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Finally, Wells Fargo & Company raised their price target on MaxLinear from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.57.

MaxLinear Price Performance

NASDAQ:MXL opened at $20.69 on Monday. MaxLinear, Inc has a 12-month low of $9.07 and a 12-month high of $21.04. The company has a quick ratio of 0.92, a current ratio of 1.34 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.79 billion, a P/E ratio of -13.09 and a beta of 1.70. The stock’s fifty day simple moving average is $17.80 and its 200-day simple moving average is $17.19.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Thursday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. MaxLinear had a negative return on equity of 6.95% and a negative net margin of 29.23%.The business had revenue of $136.44 million for the quarter, compared to analyst estimates of $134.82 million. During the same period last year, the company earned ($0.09) EPS. The firm’s revenue was up 48.0% on a year-over-year basis. Equities research analysts expect that MaxLinear, Inc will post -0.37 earnings per share for the current year.

About MaxLinear

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.