SG Americas Securities LLC Raises Position in MaxLinear, Inc $MXL

SG Americas Securities LLC lifted its position in MaxLinear, Inc (NASDAQ:MXL) by 522.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 177,850 shares of the semiconductor company’s stock after buying an additional 149,264 shares during the period. SG Americas Securities LLC owned about 0.20% of MaxLinear worth $3,100,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MXL. Royal Bank of Canada raised its holdings in 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 last quarter. AQR Capital Management LLC boosted its stake in MaxLinear by 56.0% during the 1st quarter. AQR Capital Management LLC now owns 296,297 shares of the semiconductor company’s stock valued at $3,218,000 after purchasing an additional 106,355 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 purchasing an additional 2,043 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of MaxLinear by 0.4% in the first quarter. Goldman Sachs Group Inc. now owns 535,230 shares of the semiconductor company’s stock worth $5,813,000 after purchasing an additional 2,039 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of MaxLinear by 23.9% in the first 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 purchasing an additional 35,152 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Performance

MXL stock opened at $17.98 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.34 and a quick ratio of 0.92. MaxLinear, Inc has a 1 year low of $8.35 and a 1 year high of $20.82. The company has a market cap of $1.55 billion, a P/E ratio of -11.38 and a beta of 1.70. The stock’s fifty day moving average price is $17.73 and its 200-day moving average price is $17.08.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings data on Thursday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $136.44 million during the quarter, compared to analysts’ expectations of $134.82 million. MaxLinear had a negative return on equity of 6.95% and a negative net margin of 29.23%.MaxLinear’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) earnings per share. On average, equities analysts forecast that MaxLinear, Inc will post -0.37 earnings per share for the current year.

Insider Buying and Selling at MaxLinear

In other news, insider Steven G. Litchfield sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $17.50, for a total value of $350,000.00. Following the transaction, the insider owned 368,364 shares in the company, valued at $6,446,370. This represents a 5.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 44,929 shares of company stock valued at $746,456. 7.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on MXL. Benchmark increased their price objective on MaxLinear from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Wells Fargo & Company upped their target price on shares of MaxLinear from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.57.

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.