Bank of New York Mellon Corp Has $9.33 Million Stock Holdings in MaxLinear, Inc. (NASDAQ:MXL)

Bank of New York Mellon Corp lessened its stake in MaxLinear, Inc. (NASDAQ:MXL) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 471,739 shares of the semiconductor company’s stock after selling 76,561 shares during the quarter. Bank of New York Mellon Corp owned 0.56% of MaxLinear worth $9,331,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new stake in MaxLinear in the third quarter worth approximately $221,000. GSA Capital Partners LLP bought a new stake in shares of MaxLinear during the 3rd quarter worth $833,000. Victory Capital Management Inc. boosted its holdings in shares of MaxLinear by 103.3% during the 3rd quarter. Victory Capital Management Inc. now owns 156,269 shares of the semiconductor company’s stock worth $2,263,000 after buying an additional 79,392 shares during the period. Natixis Advisors LLC bought a new stake in shares of MaxLinear during the 3rd quarter worth $3,294,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of MaxLinear during the 3rd quarter worth $16,696,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on MXL shares. Benchmark reissued a “buy” rating and issued a $28.00 price target on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities increased their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a report on Monday, January 6th. Susquehanna reduced their price target on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Finally, Wells Fargo & Company increased their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.50.

MaxLinear Stock Performance

Shares of MXL stock opened at $12.68 on Friday. The company’s fifty day simple moving average is $17.89 and its 200-day simple moving average is $16.39. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.07 billion, a PE ratio of -4.33 and a beta of 1.76. MaxLinear, Inc. has a 12 month low of $11.08 and a 12 month high of $26.59.

MaxLinear (NASDAQ:MXL) last posted its quarterly 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%. Equities research analysts expect that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

About MaxLinear

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.