84,463 Shares in MaxLinear, Inc. (NASDAQ:MXL) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in MaxLinear, Inc. (NASDAQ:MXL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 84,463 shares of the semiconductor company’s stock, valued at approximately $1,671,000. Raymond James Financial Inc. owned approximately 0.10% of MaxLinear as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Pacer Advisors Inc. lifted its position in MaxLinear by 29.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after buying an additional 443 shares during the last quarter. R Squared Ltd bought a new stake in shares of MaxLinear in the 4th quarter worth about $45,000. GAMMA Investing LLC lifted its holdings in shares of MaxLinear by 19.1% in the 4th quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock worth $82,000 after acquiring an additional 662 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of MaxLinear during the 3rd quarter worth about $159,000. Finally, Public Employees Retirement System of Ohio grew its holdings in MaxLinear by 4,298.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,979 shares of the semiconductor company’s stock valued at $304,000 after purchasing an additional 20,502 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MXL has been the subject of a number of recent analyst reports. Benchmark reissued a “buy” rating and set a $28.00 target price on shares of MaxLinear in a research note on Thursday, January 30th. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Susquehanna decreased their target price on MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company raised their price target on MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, Northland Securities lifted 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.50.

MaxLinear Stock Down 1.2 %

MaxLinear stock opened at $10.86 on Tuesday. MaxLinear, Inc. has a fifty-two week low of $10.21 and a fifty-two week high of $26.59. The company has a market cap of $919.13 million, a PE ratio of -3.71 and a beta of 1.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.77. The business’s 50-day simple moving average is $15.74 and its two-hundred day simple moving average is $16.34.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings data 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 net margin of 68.01% and a negative return on equity of 21.94%. Equities analysts anticipate that MaxLinear, Inc. will post -0.37 EPS for the current year.

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.