Charles Schwab Investment Management Inc. Buys 145,695 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Charles Schwab Investment Management Inc. raised its stake in MaxLinear, Inc. (NASDAQ:MXL) by 18.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 915,415 shares of the semiconductor company’s stock after buying an additional 145,695 shares during the period. Charles Schwab Investment Management Inc. owned about 1.09% of MaxLinear worth $13,255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MXL. Hood River Capital Management LLC bought a new stake in shares of MaxLinear during the 2nd quarter valued at about $24,184,000. Vaughan Nelson Investment Management L.P. acquired a new position in MaxLinear in the third quarter valued at approximately $16,696,000. Millennium Management LLC boosted its holdings in shares of MaxLinear by 307.9% during the 2nd 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. Natixis Advisors LLC acquired a new stake in shares of MaxLinear during the 3rd quarter worth approximately $3,294,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of MaxLinear by 10.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,071,183 shares of the semiconductor company’s stock valued at $41,714,000 after acquiring an additional 192,021 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Craig Hallum reduced their price target 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. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research note on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $22.00 price target on shares of MaxLinear in a research note on Thursday, October 24th. Wells Fargo & Company started coverage on MaxLinear in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $14.00 price objective for the company. Finally, Susquehanna downgraded MaxLinear from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $26.00 to $15.00 in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.29.

Insider Buying and Selling

In related news, insider Connie H. Kwong sold 5,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $18.61, for a total transaction of $93,050.00. Following the completion of the transaction, the insider now owns 49,147 shares in the company, valued at approximately $914,625.67. This represents a 9.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $15.36, for a total transaction of $89,088.00. Following the transaction, the director now directly owns 69,717 shares of the company’s stock, valued at $1,070,853.12. This represents a 7.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,900 shares of company stock worth $276,078. 8.60% of the stock is owned by insiders.

MaxLinear Stock Performance

Shares of MaxLinear stock opened at $19.26 on Monday. MaxLinear, Inc. has a 52 week low of $11.08 and a 52 week high of $26.59. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $14.80 and a 200-day moving average price of $16.03. The company has a market cap of $1.62 billion, a PE ratio of -7.08 and a beta of 1.87.

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

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.