GAMMA Investing LLC Acquires 662 Shares of MaxLinear, Inc. (NASDAQ:MXL)

GAMMA Investing LLC boosted its stake in shares of MaxLinear, Inc. (NASDAQ:MXL) by 19.1% in the fourth quarter, HoldingsChannel reports. The firm owned 4,134 shares of the semiconductor company’s stock after purchasing an additional 662 shares during the quarter. GAMMA Investing LLC’s holdings in MaxLinear were worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in shares of MaxLinear by 20.3% in the third quarter. Nisa Investment Advisors LLC now owns 7,761 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 1,308 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in MaxLinear by 12.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,046 shares of the semiconductor company’s stock valued at $334,000 after buying an additional 2,618 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in MaxLinear in the 2nd quarter valued at about $56,000. Truvestments Capital LLC acquired a new stake in MaxLinear during the third quarter worth approximately $42,000. Finally, The Manufacturers Life Insurance Company lifted its position in MaxLinear by 8.1% during the second quarter. The Manufacturers Life Insurance Company now owns 40,651 shares of the semiconductor company’s stock worth $819,000 after acquiring an additional 3,052 shares during the last quarter. 90.79% of the stock is owned by institutional investors.

Insider Transactions at MaxLinear

In other MaxLinear news, insider Connie H. Kwong sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total transaction of $93,050.00. Following the sale, the insider now owns 49,147 shares of the company’s stock, valued at approximately $914,625.67. The trade was a 9.23 % 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 Steven G. Litchfield sold 32,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.35, for a total value of $651,200.00. Following the completion of the transaction, the insider now owns 365,868 shares of the company’s stock, valued at $7,445,413.80. The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,900 shares of company stock valued at $927,278. Corporate insiders own 8.60% of the company’s stock.

MaxLinear Stock Performance

Shares of MaxLinear stock opened at $20.63 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.74 billion, a PE ratio of -7.58 and a beta of 1.79. The company has a 50 day moving average of $17.73 and a 200-day moving average of $16.34. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year high of $26.59.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data 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 firm 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 revenue for the quarter was down 40.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. As a group, equities research analysts forecast that MaxLinear, Inc. will post -1.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MXL shares. Benchmark increased their target price on MaxLinear from $22.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company assumed coverage on MaxLinear in a research report on Friday, November 22nd. They set an “equal weight” rating and a $14.00 price objective on the stock. Craig Hallum dropped their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Northland Securities upped their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research note on Monday, January 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a research note on Thursday, October 24th. One equities 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.com, MaxLinear has a consensus rating of “Hold” and a consensus target price of $23.50.

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.