US Bancorp DE Has $78,000 Position in MaxLinear, Inc. (NASDAQ:MXL)

US Bancorp DE lessened its stake in shares of MaxLinear, Inc. (NASDAQ:MXL) by 86.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,920 shares of the semiconductor company’s stock after selling 24,688 shares during the period. US Bancorp DE’s holdings in MaxLinear were worth $78,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in MaxLinear by 103.3% in the 3rd quarter. Victory Capital Management Inc. now owns 156,269 shares of the semiconductor company’s stock valued at $2,263,000 after buying an additional 79,392 shares during the last quarter. Natixis Advisors LLC bought a new stake in MaxLinear during the third quarter valued at about $3,294,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of MaxLinear in the third quarter valued at about $16,696,000. LMR Partners LLP bought a new position in shares of MaxLinear in the third quarter worth about $548,000. Finally, Intech Investment Management LLC acquired a new position in shares of MaxLinear during the 3rd quarter worth about $328,000. Institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Performance

NASDAQ:MXL opened at $13.23 on Tuesday. The firm has a market capitalization of $1.12 billion, a PE ratio of -4.52 and a beta of 1.76. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. MaxLinear, Inc. has a 12-month low of $11.08 and a 12-month high of $26.59. The firm has a 50-day moving average price of $17.73 and a 200 day moving average price of $16.46.

MaxLinear (NASDAQ:MXL) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) 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%. Research analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MXL has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Northland Securities boosted their target price on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. Susquehanna lowered their price target on MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Benchmark reiterated a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.50.

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.