Nisa Investment Advisors LLC Cuts Position in MaxLinear, Inc. (NASDAQ:MXL)

Nisa Investment Advisors LLC trimmed its position in shares of MaxLinear, Inc. (NASDAQ:MXL) by 56.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,398 shares of the semiconductor company’s stock after selling 4,363 shares during the period. Nisa Investment Advisors LLC’s holdings in MaxLinear were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in shares of MaxLinear by 40.5% in the 2nd quarter. Sei Investments Co. now owns 30,537 shares of the semiconductor company’s stock worth $615,000 after purchasing an additional 8,808 shares during the period. Bank of Montreal Can purchased a new position in MaxLinear during the second quarter worth $1,480,000. AQR Capital Management LLC bought a new position in MaxLinear during the second quarter valued at $870,000. Millennium Management LLC raised its stake in shares of MaxLinear by 307.9% in the second quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company’s stock valued at $21,039,000 after acquiring an additional 788,558 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of MaxLinear by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,651 shares of the semiconductor company’s stock worth $819,000 after acquiring an additional 3,052 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors.

Insider Activity

In related news, 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 sale, the vice president now owns 179,262 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ted L. Tewksbury III sold 5,800 shares of MaxLinear stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.36, for a total value 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,900 shares of company stock worth $927,278. Corporate insiders own 8.60% of the company’s stock.

MaxLinear Price Performance

MXL opened at $17.86 on Friday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -6.10 and a beta of 1.79. The company has a current ratio of 1.95, a quick ratio of 1.38 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 business’s fifty day simple moving average is $19.85 and its 200-day simple moving average is $16.39.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.15% and a negative net margin of 68.01%. On average, equities research analysts anticipate that MaxLinear, Inc. will post -0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Craig Hallum dropped their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Northland Securities boosted their price objective on MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a research report on Thursday. Wells Fargo & Company lifted their target price on MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $25.50.

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.