MaxLinear, Inc. (NASDAQ:MXL) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL) by 1,348.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,632 shares of the semiconductor company’s stock after acquiring an additional 21,069 shares during the period. International Assets Investment Management LLC’s holdings in MaxLinear were worth $328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of MaxLinear by 5.8% during the first quarter. Vanguard Group Inc. now owns 12,253,823 shares of the semiconductor company’s stock worth $228,779,000 after buying an additional 667,550 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of MaxLinear by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 2,535,449 shares of the semiconductor company’s stock worth $51,064,000 after buying an additional 128,585 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of MaxLinear by 10.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,071,183 shares of the semiconductor company’s stock worth $41,714,000 after buying an additional 192,021 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of MaxLinear during the second quarter worth about $24,184,000. Finally, Millennium Management LLC grew its holdings in shares of MaxLinear by 307.9% during the second quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company’s stock worth $21,039,000 after buying an additional 788,558 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Price Performance

MXL opened at $14.75 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. MaxLinear, Inc. has a 52-week low of $11.08 and a 52-week high of $26.59. The company has a 50 day moving average of $14.15 and a two-hundred day moving average of $16.67. The company has a market cap of $1.24 billion, a P/E ratio of -5.42 and a beta of 1.85.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.04). MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. The business had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $80.40 million. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. MaxLinear’s quarterly revenue was down 40.2% compared to the same quarter last year. On average, analysts expect that MaxLinear, Inc. will post -1.66 earnings per share for the current year.

Wall Street Analyst Weigh In

MXL has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a report on Thursday, October 24th. Northland Securities lowered their price target 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. Susquehanna downgraded shares of MaxLinear from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $26.00 to $15.00 in a report on Tuesday, October 1st. Benchmark restated a “buy” rating and issued a $22.00 target price on shares of MaxLinear in a report on Thursday, October 24th. Finally, Craig Hallum lowered their target price on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.86.

MaxLinear Company 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.