MaxLinear, Inc. (NASDAQ:MXL) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of MaxLinear, Inc. (NASDAQ:MXL) by 1,348.0% during the third quarter, HoldingsChannel reports. The firm owned 22,632 shares of the semiconductor company’s stock after purchasing an additional 21,069 shares during the quarter. International Assets Investment Management LLC’s holdings in MaxLinear were worth $328,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in MaxLinear by 5.8% in the first quarter. Vanguard Group Inc. now owns 12,253,823 shares of the semiconductor company’s stock valued at $228,779,000 after acquiring an additional 667,550 shares in the last quarter. Bank of New York Mellon Corp increased its stake in MaxLinear by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 2,535,449 shares of the semiconductor company’s stock valued at $51,064,000 after purchasing an additional 128,585 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in MaxLinear by 10.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,071,183 shares of the semiconductor company’s stock valued at $41,714,000 after purchasing an additional 192,021 shares during the last quarter. Hood River Capital Management LLC bought a new stake in MaxLinear during the second quarter valued at $24,184,000. Finally, Millennium Management LLC increased its stake in MaxLinear by 307.9% during the second quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company’s stock valued at $21,039,000 after purchasing an additional 788,558 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and set a $22.00 target price on shares of MaxLinear in a research note on Thursday, October 24th. Stifel Nicolaus boosted their target price on shares of MaxLinear from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Craig Hallum lowered their price target on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Northland Securities lowered their price target on shares of MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Susquehanna lowered shares of MaxLinear from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.86.

MaxLinear Stock Up 10.5 %

MaxLinear stock opened at $14.75 on Thursday. The company has a 50-day simple moving average of $14.15 and a 200-day simple moving average of $16.67. The firm has a market capitalization of $1.24 billion, a P/E ratio of -5.42 and a beta of 1.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.95. MaxLinear, Inc. has a one year low of $11.08 and a one year high of $26.59.

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