UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 18,592 Shares of MaxLinear, Inc. (NASDAQ:MXL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in MaxLinear, Inc. (NASDAQ:MXL) by 11.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 139,499 shares of the semiconductor company’s stock after selling 18,592 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MaxLinear were worth $2,020,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of MaxLinear by 5.3% in the 2nd 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in MaxLinear by 10.2% in 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 buying an additional 192,021 shares in the last quarter. Hood River Capital Management LLC acquired a new position in MaxLinear in the second quarter valued at about $24,184,000. Vaughan Nelson Investment Management L.P. bought a new stake in MaxLinear during the third quarter worth about $16,696,000. Finally, Millennium Management LLC increased its holdings in shares of MaxLinear by 307.9% during the second quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company’s stock worth $21,039,000 after buying an additional 788,558 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors.

MaxLinear Trading Up 5.6 %

Shares of MXL opened at $20.68 on Monday. The stock’s fifty day simple moving average is $15.38 and its 200-day simple moving average is $16.06. The firm has a market capitalization of $1.74 billion, a PE ratio of -7.60 and a beta of 1.87. MaxLinear, Inc. has a 12-month low of $11.08 and a 12-month high of $26.59. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company assumed coverage on MaxLinear in a report on Friday, November 22nd. They issued an “equal weight” rating and a $14.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a report on Thursday, October 24th. Benchmark raised their target price on MaxLinear from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Craig Hallum reduced their price target 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 shares of MaxLinear from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $26.00 to $15.00 in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, MaxLinear presently has an average rating of “Hold” and an average target price of $23.14.

Insider Activity at MaxLinear

In other MaxLinear news, Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,070,853.12. This represents a 7.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Connie H. Kwong sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total value of $93,050.00. Following the transaction, the insider now owns 49,147 shares in the company, valued at approximately $914,625.67. This trade represents a 9.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,900 shares of company stock worth $276,078 over the last ninety days. Company insiders own 8.60% of the company’s stock.

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.