BNP Paribas Financial Markets Buys 97,447 Shares of MaxLinear, Inc. (NYSE:MXL)

BNP Paribas Financial Markets increased its stake in MaxLinear, Inc. (NYSE:MXL) by 58.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 265,567 shares of the semiconductor company’s stock after buying an additional 97,447 shares during the quarter. BNP Paribas Financial Markets owned about 0.32% of MaxLinear worth $4,958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Simplicity Wealth LLC bought a new stake in shares of MaxLinear in the 1st quarter worth about $349,000. Assenagon Asset Management S.A. lifted its stake in MaxLinear by 9.2% in the first quarter. Assenagon Asset Management S.A. now owns 346,873 shares of the semiconductor company’s stock worth $6,476,000 after purchasing an additional 29,102 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of MaxLinear during the first quarter valued at approximately $294,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of MaxLinear by 291.5% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 120,873 shares of the semiconductor company’s stock valued at $2,873,000 after buying an additional 90,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of MaxLinear by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock worth $275,406,000 after buying an additional 903,235 shares during the period. 90.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Benchmark reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a research report on Tuesday. StockNews.com cut shares of MaxLinear from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of MaxLinear in a report on Thursday, April 25th. Finally, Northland Securities upgraded shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have assigned 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 “Hold” and an average target price of $25.70.

MaxLinear Stock Performance

MaxLinear stock opened at $22.25 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.56 and a current ratio of 1.99. The business has a fifty day moving average of $19.34 and a two-hundred day moving average of $20.11. MaxLinear, Inc. has a twelve month low of $13.43 and a twelve month high of $35.09.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.02. The company had revenue of $95.27 million for the quarter, compared to the consensus estimate of $94.99 million. MaxLinear had a negative return on equity of 4.75% and a negative net margin of 28.70%. On average, research analysts predict that MaxLinear, Inc. will post -1.25 EPS for the current fiscal year.

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.