Natixis Advisors LLC Buys Shares of 227,493 MaxLinear, Inc. (NASDAQ:MXL)

Natixis Advisors LLC purchased a new position in MaxLinear, Inc. (NASDAQ:MXL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 227,493 shares of the semiconductor company’s stock, valued at approximately $3,294,000.

A number of other institutional investors also recently modified their holdings of MXL. Simplicity Wealth LLC lifted its holdings in MaxLinear by 3.1% in the second quarter. Simplicity Wealth LLC now owns 19,283 shares of the semiconductor company’s stock valued at $388,000 after buying an additional 579 shares during the period. ProShare Advisors LLC lifted its stake in shares of MaxLinear by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 15,304 shares of the semiconductor company’s stock valued at $286,000 after purchasing an additional 1,061 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of MaxLinear by 3.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 38,000 shares of the semiconductor company’s stock valued at $765,000 after purchasing an additional 1,100 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in MaxLinear by 20.3% in the third quarter. Nisa Investment Advisors LLC now owns 7,761 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in MaxLinear in the second quarter worth approximately $30,000. 90.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on MXL. Susquehanna downgraded shares of MaxLinear from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st. Wells Fargo & Company assumed coverage on shares of MaxLinear in a research note on Friday. They issued an “equal weight” rating and a $14.00 price target for the company. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and issued a $22.00 target price on shares of MaxLinear in a research report on Thursday, October 24th. Finally, Craig Hallum cut their price target on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.29.

Insiders Place Their Bets

In other MaxLinear news, VP William Torgerson sold 6,100 shares of MaxLinear 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 transaction, the vice president now owns 179,262 shares of the company’s stock, valued at $2,760,634.80. This trade represents a 3.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.60% of the company’s stock.

MaxLinear Price Performance

Shares of NASDAQ MXL opened at $15.54 on Friday. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -5.71 and a beta of 1.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.95. MaxLinear, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $26.59. The firm’s 50-day simple moving average is $14.40 and its 200 day simple moving average is $16.26.

MaxLinear (NASDAQ:MXL) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share 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 company had revenue of $81.10 million during the quarter, compared to the consensus estimate of $80.40 million. During the same quarter in the prior year, the business earned ($0.02) EPS. The firm’s revenue for the quarter was down 40.2% compared to the same quarter last year. As a group, research analysts anticipate that MaxLinear, Inc. will post -1.66 earnings per share for the current fiscal year.

About MaxLinear

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.