MaxLinear, Inc. (NASDAQ:MXL) Stake Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in MaxLinear, Inc. (NASDAQ:MXL) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,491 shares of the semiconductor company’s stock after selling 926 shares during the period. Mutual of America Capital Management LLC’s holdings in MaxLinear were worth $166,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MXL. Innealta Capital LLC purchased a new stake in shares of MaxLinear during the second quarter worth $30,000. International Assets Investment Management LLC purchased a new stake in shares of MaxLinear during the second quarter worth $31,000. Canada Pension Plan Investment Board purchased a new stake in shares of MaxLinear during the second quarter worth $56,000. GAMMA Investing LLC raised its holdings in shares of MaxLinear by 151.8% during the third quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 2,093 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of MaxLinear by 321.3% during the third quarter. CWM LLC now owns 5,793 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 4,418 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Insider Buying and Selling

In other MaxLinear news, Director Ted L. Tewksbury III sold 5,800 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.36, for a total transaction of $89,088.00. Following the completion of the transaction, the director now owns 69,717 shares in the company, valued at $1,070,853.12. This trade represents a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP William Torgerson sold 6,100 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was 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 approximately $2,760,634.80. This represents a 3.29 % decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.

MaxLinear Trading Up 4.0 %

Shares of NASDAQ:MXL opened at $15.13 on Friday. The company has a market cap of $1.28 billion, a P/E ratio of -5.56 and a beta of 1.85. The stock’s 50-day moving average is $14.47 and its 200-day moving average is $16.11. MaxLinear, Inc. has a 52-week low of $11.08 and a 52-week high of $26.59. 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 (NASDAQ:MXL) last released 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 19.22% and a negative net margin of 57.37%. The firm had revenue of $81.10 million for the quarter, compared to analyst estimates of $80.40 million. During the same period last year, the business earned ($0.02) earnings per share. The firm’s quarterly revenue was down 40.2% compared to the same quarter last year. Equities research analysts predict that MaxLinear, Inc. will post -1.66 earnings per share for the current year.

Analyst Ratings Changes

MXL has been the topic of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research report on Thursday, October 24th. Benchmark reissued a “buy” rating and set a $22.00 target price on shares of MaxLinear in a research report on Thursday, October 24th. Wells Fargo & Company initiated coverage on shares of MaxLinear in a research report on Friday, November 22nd. They set an “equal weight” rating and a $14.00 target price on the stock. Susquehanna downgraded shares of MaxLinear from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st. Finally, Craig Hallum lowered their target price on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. One 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.29.

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.