New York State Teachers Retirement System Sells 800 Shares of MaxLinear, Inc. (NASDAQ:MXL)

New York State Teachers Retirement System lowered its position in shares of MaxLinear, Inc. (NASDAQ:MXL) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,037 shares of the semiconductor company’s stock after selling 800 shares during the quarter. New York State Teachers Retirement System owned 0.07% of MaxLinear worth $1,207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MXL. Pacer Advisors Inc. lifted its position in shares of MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after buying an additional 443 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of MaxLinear during the 3rd quarter worth approximately $42,000. R Squared Ltd bought a new position in shares of MaxLinear during the 4th quarter worth approximately $45,000. GAMMA Investing LLC lifted its position in shares of MaxLinear by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock worth $82,000 after buying an additional 662 shares in the last quarter. Finally, CWM LLC lifted its position in shares of MaxLinear by 321.3% during the 3rd quarter. CWM LLC now owns 5,793 shares of the semiconductor company’s stock worth $84,000 after buying an additional 4,418 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Down 3.4 %

Shares of NASDAQ:MXL opened at $16.60 on Monday. MaxLinear, Inc. has a 52-week low of $11.08 and a 52-week high of $26.59. The firm has a fifty day moving average of $19.71 and a 200 day moving average of $16.33. The firm has a market capitalization of $1.40 billion, a PE ratio of -5.67 and a beta of 1.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77.

MaxLinear (NASDAQ:MXL) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. As a group, research analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MXL shares. Wells Fargo & Company lifted their price target on shares of MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Benchmark reaffirmed a “buy” rating and issued a $28.00 price target on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities lifted their price target on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a report on Monday, January 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Finally, Susquehanna reduced their price objective on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. One equities 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’s stock. According to data from MarketBeat.com, MaxLinear has a consensus rating of “Hold” and a consensus target price of $25.50.

Insider Buying and Selling

In other MaxLinear news, insider Steven G. Litchfield sold 32,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.35, for a total value of $651,200.00. Following the completion of the sale, the insider now directly owns 365,868 shares of the company’s stock, valued at $7,445,413.80. The trade was a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Connie H. Kwong sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total transaction of $93,050.00. Following the completion of the sale, the insider now directly owns 49,147 shares of the company’s stock, valued at $914,625.67. This represents a 9.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.

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.