R Squared Ltd Purchases Shares of 2,300 MaxLinear, Inc. (NASDAQ:MXL)

R Squared Ltd purchased a new stake in MaxLinear, Inc. (NASDAQ:MXL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,300 shares of the semiconductor company’s stock, valued at approximately $45,000.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in MaxLinear by 29.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 443 shares in the last quarter. Truvestments Capital LLC bought a new position in MaxLinear in the third quarter valued at approximately $42,000. GAMMA Investing LLC lifted its position in shares of MaxLinear by 151.8% in the third quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 2,093 shares in the last quarter. CWM LLC lifted its position in shares of MaxLinear by 321.3% in the third quarter. CWM LLC now owns 5,793 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 4,418 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of MaxLinear by 20.3% in the third quarter. Nisa Investment Advisors LLC now owns 7,761 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 1,308 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MXL shares. Wells Fargo & Company boosted their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research report on Thursday. Benchmark reissued a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a research report on Thursday. Craig Hallum cut their price objective on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Susquehanna cut their price objective on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.50.

MaxLinear Price Performance

Shares of MXL opened at $17.86 on Monday. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year high of $26.59. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -6.10 and a beta of 1.79. The company’s fifty day simple moving average is $19.85 and its 200 day simple moving average is $16.27. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.15%. On average, research analysts forecast that MaxLinear, Inc. will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at MaxLinear

In related news, VP William Torgerson sold 6,100 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $15.40, for a total value of $93,940.00. Following the completion of the sale, the vice president now directly owns 179,262 shares in the company, valued at approximately $2,760,634.80. The trade was a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ted L. Tewksbury III sold 5,800 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $15.36, for a total value of $89,088.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 48,900 shares of company stock worth $927,278 over the last ninety days. Insiders own 8.60% of the company’s stock.

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.