MaxLinear, Inc. (NASDAQ:MXL) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of MaxLinear, Inc. (NASDAQ:MXL) by 11.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,017,311 shares of the semiconductor company’s stock after acquiring an additional 101,896 shares during the period. Charles Schwab Investment Management Inc.’s holdings in MaxLinear were worth $20,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its stake in MaxLinear by 103.3% in the 3rd quarter. Victory Capital Management Inc. now owns 156,269 shares of the semiconductor company’s stock valued at $2,263,000 after acquiring an additional 79,392 shares during the period. Natixis Advisors LLC acquired a new stake in MaxLinear in the 3rd quarter valued at $3,294,000. LMR Partners LLP acquired a new stake in MaxLinear in the 3rd quarter valued at $548,000. Intech Investment Management LLC acquired a new stake in MaxLinear in the 3rd quarter valued at $328,000. Finally, Truvestments Capital LLC acquired a new stake in MaxLinear in the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Trading Up 1.5 %

Shares of MXL stock opened at $13.02 on Thursday. MaxLinear, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $26.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The stock’s fifty day moving average is $17.44 and its two-hundred day moving average is $16.44. The firm has a market capitalization of $1.10 billion, a P/E ratio of -4.44 and a beta of 1.76.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. Research analysts expect that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MXL. Wells Fargo & Company lifted their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. Northland Securities raised their price objective on MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th. Benchmark restated a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a report on Thursday, January 30th. Finally, Susquehanna decreased their price objective on MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MaxLinear currently has an average rating of “Hold” and an average target price of $25.50.

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.