MaxLinear, Inc. (NYSE:MXL) Stake Boosted by Inspire Investing LLC

Inspire Investing LLC lifted its stake in shares of MaxLinear, Inc. (NYSE:MXL) by 62.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,366 shares of the semiconductor company’s stock after purchasing an additional 10,947 shares during the quarter. Inspire Investing LLC’s holdings in MaxLinear were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MXL. CWM LLC grew its position in shares of MaxLinear by 321.3% during the third quarter. CWM LLC now owns 5,793 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 4,418 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 2,093 shares during the period. SG Americas Securities LLC grew its position in MaxLinear by 226.7% in the 3rd quarter. SG Americas Securities LLC now owns 39,803 shares of the semiconductor company’s stock worth $576,000 after purchasing an additional 27,619 shares during the last quarter. Weybosset Research & Management LLC increased its stake in shares of MaxLinear by 191.8% in the third quarter. Weybosset Research & Management LLC now owns 69,155 shares of the semiconductor company’s stock valued at $1,001,000 after purchasing an additional 45,457 shares during the period. Finally, Cavalry Management Group LLC bought a new stake in shares of MaxLinear during the second quarter valued at approximately $413,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

Wall Street Analyst Weigh In

MXL has been the subject of a number of recent analyst reports. Northland Securities decreased their price objective on MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Needham & Company LLC lowered MaxLinear from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Craig Hallum reduced their price objective on shares of MaxLinear from $38.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, July 25th. Benchmark lowered their target price on shares of MaxLinear from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, Stifel Nicolaus upped their price target on shares of MaxLinear from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.44.

Insiders Place Their Bets

In other news, CEO Kishore Seendripu purchased 108,303 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average price of $12.94 per share, for a total transaction of $1,401,440.82. Following the completion of the acquisition, the chief executive officer now directly owns 531,937 shares of the company’s stock, valued at $6,883,264.78. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.60% of the company’s stock.

MaxLinear Price Performance

NYSE MXL opened at $14.20 on Friday. The stock has a market capitalization of $1.18 billion, a P/E ratio of -7.51 and a beta of 1.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 2.09. The business’s fifty day moving average is $13.55 and its two-hundred day moving average is $17.40. MaxLinear, Inc. has a 1 year low of $11.08 and a 1 year high of $26.59.

MaxLinear (NYSE:MXL) last announced its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.06). The company had revenue of $92.00 million for the quarter, compared to analysts’ expectations of $100.25 million. MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.39%. The company’s revenue for the quarter was down 50.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. On average, research analysts forecast that MaxLinear, Inc. will post -1.74 earnings per share for the current fiscal year.

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.