MaxLinear, Inc. (NASDAQ:MXL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in shares of MaxLinear, Inc. (NASDAQ:MXL) by 56.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,398 shares of the semiconductor company’s stock after selling 4,363 shares during the period. Nisa Investment Advisors LLC’s holdings in MaxLinear were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of MaxLinear during the third quarter worth $42,000. GAMMA Investing LLC grew 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 acquiring an additional 2,093 shares in the last quarter. CWM LLC grew its stake in MaxLinear by 321.3% during the 3rd quarter. CWM LLC now owns 5,793 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 4,418 shares in the last quarter. Captrust Financial Advisors acquired a new stake in MaxLinear in the 3rd quarter valued at about $159,000. Finally, Entropy Technologies LP purchased a new position in MaxLinear in the 3rd quarter worth approximately $221,000. 90.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MXL. Susquehanna dropped their price target on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday. 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. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a report on Thursday. Wells Fargo & Company boosted their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Benchmark restated a “buy” rating and set a $28.00 price objective on shares of MaxLinear in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MaxLinear has an average rating of “Hold” and a consensus price target of $25.50.

Insider Buying and Selling

In other MaxLinear news, insider Steven G. Litchfield sold 32,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.35, for a total transaction of $651,200.00. Following the sale, the insider now directly owns 365,868 shares in the company, valued at $7,445,413.80. This represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William Torgerson sold 6,100 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $15.40, for a total transaction of $93,940.00. Following the completion of the transaction, the vice president now directly owns 179,262 shares of the company’s stock, valued at approximately $2,760,634.80. The trade was a 3.29 % decrease in their position. 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. Company insiders own 8.60% of the company’s stock.

MaxLinear Stock Performance

NASDAQ MXL opened at $17.86 on Friday. The stock has a fifty day simple moving average of $19.85 and a 200-day simple moving average of $16.39. 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 stock has a market cap of $1.51 billion, a PE ratio of -6.10 and a beta of 1.79. MaxLinear, Inc. has a twelve month low of $11.08 and a twelve month high of $26.59.

MaxLinear (NASDAQ:MXL) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.15% and a negative net margin of 68.01%. Equities analysts anticipate that MaxLinear, Inc. will post -0.21 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.