MaxLinear, Inc. (NASDAQ:MXL) Shares Acquired by Swiss National Bank

Swiss National Bank increased its position in shares of MaxLinear, Inc. (NASDAQ:MXL) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,773 shares of the semiconductor company’s stock after purchasing an additional 2,500 shares during the quarter. Swiss National Bank’s holdings in MaxLinear were worth $3,101,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MXL. Pacer Advisors Inc. raised its stake in shares of MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 443 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in MaxLinear during the fourth quarter worth about $45,000. R Squared Ltd purchased a new position in MaxLinear during the fourth quarter valued at approximately $45,000. Larson Financial Group LLC lifted its holdings in MaxLinear by 3,092.0% in the fourth quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 2,721 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in MaxLinear in the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Performance

NASDAQ MXL opened at $12.74 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. The stock’s 50 day simple moving average is $16.67 and its 200-day simple moving average is $16.40. The company has a market cap of $1.08 billion, a PE ratio of -4.35 and a beta of 1.76. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year 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 (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%. As a group, equities research analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Analyst Ratings Changes

MXL has been the subject of several analyst reports. Wells Fargo & Company boosted their target price 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 restated a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Northland Securities lifted their price target on MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research note on Monday, January 6th. Susquehanna dropped 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. Finally, Benchmark restated a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.