American Century Companies Inc. Has $556,000 Holdings in MaxLinear, Inc. (NYSE:MXL)

American Century Companies Inc. decreased its position in MaxLinear, Inc. (NYSE:MXL) by 52.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 27,612 shares of the semiconductor company’s stock after selling 30,359 shares during the period. American Century Companies Inc.’s holdings in MaxLinear were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in MaxLinear by 58.0% in the 1st quarter. BNP Paribas Financial Markets now owns 265,567 shares of the semiconductor company’s stock valued at $4,958,000 after buying an additional 97,447 shares in the last quarter. Vanguard Group Inc. increased its position in MaxLinear by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock worth $275,406,000 after acquiring an additional 903,235 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in MaxLinear by 291.5% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 120,873 shares of the semiconductor company’s stock worth $2,873,000 after purchasing an additional 90,000 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in MaxLinear by 69.5% in the 1st quarter. Edgestream Partners L.P. now owns 105,355 shares of the semiconductor company’s stock valued at $1,967,000 after purchasing an additional 43,181 shares during the period. Finally, EntryPoint Capital LLC bought a new position in shares of MaxLinear during the first quarter worth approximately $59,000. Institutional investors own 90.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MXL shares. Benchmark cut their price target on MaxLinear from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Needham & Company LLC lowered MaxLinear from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Craig Hallum dropped their price target on MaxLinear from $38.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Northland Securities cut their price objective on shares of MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Stifel Nicolaus raised their target price on shares of MaxLinear from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.44.

MaxLinear Trading Up 5.6 %

MXL opened at $13.44 on Thursday. The company has a market cap of $1.12 billion, a P/E ratio of -7.11 and a beta of 1.84. The company has a current ratio of 2.09, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $13.48 and its 200-day moving average is $17.77. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year high of $26.59.

MaxLinear (NYSE:MXL) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). The company had revenue of $92.00 million during the quarter, compared to analyst estimates of $100.25 million. MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.39%. The business’s quarterly revenue was down 50.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 EPS. Equities research analysts predict that MaxLinear, Inc. will post -1.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Kishore Seendripu bought 108,303 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was purchased at an average cost of $12.94 per share, for a total transaction of $1,401,440.82. Following the completion of the transaction, the chief executive officer now owns 531,937 shares of the company’s stock, valued at $6,883,264.78. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

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.