11,010 Shares in MaxLinear, Inc. (NASDAQ:MXL) Bought by Captrust Financial Advisors

Captrust Financial Advisors bought a new position in shares of MaxLinear, Inc. (NASDAQ:MXL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,010 shares of the semiconductor company’s stock, valued at approximately $159,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MaxLinear by 12.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,046 shares of the semiconductor company’s stock valued at $334,000 after buying an additional 2,618 shares during the last quarter. Quantbot Technologies LP raised its position in shares of MaxLinear by 111.7% during the third quarter. Quantbot Technologies LP now owns 66,363 shares of the semiconductor company’s stock valued at $961,000 after buying an additional 35,018 shares during the last quarter. FMR LLC raised its position in shares of MaxLinear by 184.5% during the third quarter. FMR LLC now owns 456,929 shares of the semiconductor company’s stock valued at $6,616,000 after buying an additional 296,339 shares during the last quarter. Mirabella Financial Services LLP bought a new stake in MaxLinear in the third quarter valued at about $551,000. Finally, Truvestments Capital LLC bought a new stake in MaxLinear in the third quarter valued at about $42,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

Insider Activity at MaxLinear

In other MaxLinear news, insider Connie H. Kwong sold 5,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total value of $93,050.00. Following the sale, the insider now directly owns 49,147 shares in the company, valued at approximately $914,625.67. This trade represents a 9.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $15.36, for a total transaction of $89,088.00. Following the completion of the sale, the director now owns 69,717 shares in the company, valued at approximately $1,070,853.12. This trade represents a 7.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,900 shares of company stock worth $927,278 over the last ninety days. Company insiders own 8.60% of the company’s stock.

MaxLinear Trading Up 1.1 %

Shares of NASDAQ MXL opened at $20.90 on Tuesday. The company’s 50 day simple moving average is $15.53 and its 200 day simple moving average is $16.08. MaxLinear, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $26.59. The firm has a market capitalization of $1.76 billion, a P/E ratio of -7.68 and a beta of 1.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.04). MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The business had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.40 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The company’s quarterly revenue was down 40.2% on a year-over-year basis. On average, analysts predict that MaxLinear, Inc. will post -1.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MXL shares. Benchmark upped their target price on shares of MaxLinear from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company started coverage on shares of MaxLinear in a research note on Friday, November 22nd. They set an “equal weight” rating and a $14.00 price objective on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research note on Thursday, October 24th. Craig Hallum decreased their price target on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Susquehanna cut shares of MaxLinear from a “positive” rating to a “neutral” rating and decreased their price target for the company from $26.00 to $15.00 in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $23.14.

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.