GAMMA Investing LLC Has $82,000 Stock Position in MaxLinear, Inc. (NASDAQ:MXL)

GAMMA Investing LLC raised its stake in MaxLinear, Inc. (NASDAQ:MXL) by 19.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,134 shares of the semiconductor company’s stock after acquiring an additional 662 shares during the quarter. GAMMA Investing LLC’s holdings in MaxLinear were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted 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 valued at $112,000 after acquiring an additional 1,308 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of MaxLinear by 12.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,046 shares of the semiconductor company’s stock valued at $334,000 after purchasing an additional 2,618 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of MaxLinear during the 2nd quarter worth approximately $56,000. Truvestments Capital LLC bought a new stake in shares of MaxLinear during the third quarter worth approximately $42,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in MaxLinear by 8.1% in the second quarter. The Manufacturers Life Insurance Company now owns 40,651 shares of the semiconductor company’s stock valued at $819,000 after buying an additional 3,052 shares during the period. 90.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on MXL shares. Susquehanna cut shares of MaxLinear from a “positive” rating to a “neutral” rating and dropped their target price for the company from $26.00 to $15.00 in a research report on Tuesday, October 1st. Craig Hallum cut their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company started coverage on MaxLinear in a research report on Friday, November 22nd. They set an “equal weight” rating and a $14.00 target price for the company. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a research report on Thursday, October 24th. Finally, Northland Securities boosted their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, MaxLinear presently has an average rating of “Hold” and an average price target of $23.50.

MaxLinear Trading Up 0.4 %

Shares of NASDAQ:MXL opened at $20.63 on Friday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -7.58 and a beta of 1.79. 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 12 month low of $11.08 and a 12 month high of $26.59. The company’s fifty day simple moving average is $17.73 and its 200 day simple moving average is $16.34.

MaxLinear (NASDAQ:MXL) last issued 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 firm had revenue of $81.10 million during the quarter, compared to the consensus estimate of $80.40 million. MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The business’s revenue for the quarter was down 40.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.02) earnings per share. As a group, research analysts forecast that MaxLinear, Inc. will post -1.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other MaxLinear news, VP William Torgerson sold 6,100 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $15.40, for a total value of $93,940.00. Following the completion of the sale, the vice president now owns 179,262 shares in the company, valued at $2,760,634.80. This trade represents a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven G. Litchfield sold 32,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.35, for a total transaction of $651,200.00. Following the transaction, the insider now owns 365,868 shares in the company, valued at $7,445,413.80. This represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,900 shares of company stock valued at $927,278 in the last quarter. 8.60% of the stock is currently owned by insiders.

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.