MaxLinear, Inc. (NASDAQ:MXL) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in shares of MaxLinear, Inc. (NASDAQ:MXL) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 253,764 shares of the semiconductor company’s stock after buying an additional 26,271 shares during the period. Natixis Advisors LLC owned approximately 0.30% of MaxLinear worth $5,019,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in shares of MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 443 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of MaxLinear during the 3rd quarter valued at about $42,000. R Squared Ltd bought a new position in shares of MaxLinear during the 4th quarter valued at about $45,000. Wealthfront Advisers LLC bought a new position in shares of MaxLinear during the 4th quarter valued at about $45,000. Finally, Larson Financial Group LLC boosted its position in shares of MaxLinear by 3,092.0% during the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 2,721 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on MXL shares. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Wells Fargo & Company raised their target price on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Northland Securities raised their target price on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a report on Monday, January 6th. Susquehanna decreased their target price on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Finally, Benchmark reiterated a “buy” rating and issued a $28.00 target price on shares of MaxLinear in a report on Thursday, January 30th. One equities 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.50.

MaxLinear Stock Performance

MXL stock opened at $12.70 on Friday. 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 stock has a market cap of $1.07 billion, a P/E ratio of -4.33 and a beta of 1.76. The firm has a 50 day simple moving average of $16.98 and a 200 day simple moving average of $16.37. MaxLinear, Inc. has a 52 week low of $11.08 and a 52 week high of $26.59.

MaxLinear (NASDAQ:MXL) last posted 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%. Research analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

About MaxLinear

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.