Vaughan Nelson Investment Management L.P. Has $25.10 Million Stock Position in MaxLinear, Inc. (NASDAQ:MXL)

Vaughan Nelson Investment Management L.P. boosted its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,268,857 shares of the semiconductor company’s stock after acquiring an additional 115,867 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 1.50% of MaxLinear worth $25,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Pacer Advisors Inc. raised its holdings in shares of MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 443 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of MaxLinear during the 3rd quarter worth about $42,000. R Squared Ltd acquired a new stake in shares of MaxLinear during the 4th quarter valued at about $45,000. GAMMA Investing LLC lifted its holdings in shares of MaxLinear by 151.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 2,093 shares during the last quarter. Finally, CWM LLC grew its stake in shares of MaxLinear by 321.3% in the 3rd quarter. CWM LLC now owns 5,793 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 4,418 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MXL shares. Wells Fargo & Company lifted their target price on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Craig Hallum decreased their price objective on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Benchmark reissued a “buy” rating and set a $28.00 target price on shares of MaxLinear in a research report on Thursday, January 30th. Susquehanna reduced their price target on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.50.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, insider Connie H. Kwong sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total value of $93,050.00. Following the completion of the transaction, the insider now owns 49,147 shares of the company’s stock, valued at $914,625.67. This represents a 9.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven G. Litchfield sold 32,000 shares of MaxLinear stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.35, for a total value of $651,200.00. Following the sale, the insider now directly owns 365,868 shares in the company, valued at $7,445,413.80. The trade was a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,800 shares of company stock valued at $833,338 in the last ninety days. Company insiders own 8.60% of the company’s stock.

MaxLinear Trading Down 7.7 %

MaxLinear stock opened at $16.46 on Monday. MaxLinear, Inc. has a 52 week low of $11.08 and a 52 week high of $26.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The firm has a market capitalization of $1.39 billion, a PE ratio of -5.62 and a beta of 1.77. The business’s 50-day simple moving average is $20.14 and its 200-day simple moving average is $16.06.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings results 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 return on equity of 21.94% and a negative net margin of 68.01%. Equities research analysts forecast that MaxLinear, Inc. will post -0.37 earnings per share for the current 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.