Cwm LLC Buys 4,418 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Cwm LLC lifted its stake in shares of MaxLinear, Inc. (NASDAQ:MXL) by 321.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,793 shares of the semiconductor company’s stock after acquiring an additional 4,418 shares during the period. Cwm LLC’s holdings in MaxLinear were worth $84,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of MaxLinear by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock worth $275,406,000 after buying an additional 903,235 shares during the last quarter. BNP Paribas Financial Markets increased its stake in MaxLinear by 58.0% in the first quarter. BNP Paribas Financial Markets now owns 265,567 shares of the semiconductor company’s stock valued at $4,958,000 after acquiring an additional 97,447 shares during the last quarter. Capstone Investment Advisors LLC increased its stake in shares of MaxLinear by 42.7% in the 1st quarter. Capstone Investment Advisors LLC now owns 17,899 shares of the semiconductor company’s stock valued at $334,000 after purchasing an additional 5,353 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of MaxLinear by 2.7% during the 1st quarter. Jennison Associates LLC now owns 533,416 shares of the semiconductor company’s stock worth $9,959,000 after buying an additional 14,111 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in shares of MaxLinear by 2.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 65,248 shares of the semiconductor company’s stock worth $1,218,000 after buying an additional 1,375 shares during the last quarter. Institutional investors own 90.79% of the company’s stock.

MaxLinear Price Performance

MXL opened at $14.85 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.09 and a quick ratio of 1.59. The firm’s fifty day moving average price is $13.87 and its two-hundred day moving average price is $17.07. MaxLinear, Inc. has a 1 year low of $11.08 and a 1 year high of $26.59. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -6.43 and a beta of 1.83.

MaxLinear (NASDAQ:MXL) last announced 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 return on equity of 12.39% and a negative net margin of 42.38%. The business had revenue of $81.10 million during the quarter, compared to analysts’ expectations of $80.40 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. MaxLinear’s quarterly revenue was down 40.2% on a year-over-year basis. As a group, analysts anticipate that MaxLinear, Inc. will post -1.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MaxLinear news, CEO Kishore Seendripu purchased 108,303 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were bought at an average cost of $12.94 per share, for a total transaction of $1,401,440.82. Following the purchase, the chief executive officer now owns 531,937 shares of the company’s stock, valued at $6,883,264.78. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MXL has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of MaxLinear from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Benchmark restated a “buy” rating and set a $22.00 price objective on shares of MaxLinear in a research report on Thursday. Susquehanna cut MaxLinear from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $26.00 to $15.00 in a report on Tuesday, October 1st. Northland Securities dropped their price objective on shares of MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a report on Thursday. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.86.

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.