KLP Kapitalforvaltning AS Purchases Shares of 16,300 MaxLinear, Inc. (NASDAQ:MXL)

KLP Kapitalforvaltning AS purchased a new position in shares of MaxLinear, Inc. (NASDAQ:MXL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,300 shares of the semiconductor company’s stock, valued at approximately $322,000.

Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in MaxLinear by 339.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company’s stock worth $24,740,000 after buying an additional 966,468 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of MaxLinear by 422.1% during the 4th quarter. Victory Capital Management Inc. now owns 815,931 shares of the semiconductor company’s stock worth $16,139,000 after acquiring an additional 659,662 shares in the last quarter. FMR LLC grew its position in shares of MaxLinear by 184.5% during the 3rd quarter. FMR LLC now owns 456,929 shares of the semiconductor company’s stock valued at $6,616,000 after acquiring an additional 296,339 shares during the period. JPMorgan Chase & Co. increased its stake in shares of MaxLinear by 44.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company’s stock valued at $13,550,000 after purchasing an additional 288,607 shares in the last quarter. Finally, State Street Corp raised its holdings in MaxLinear by 5.1% in the 3rd quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company’s stock worth $59,707,000 after purchasing an additional 198,791 shares during the period. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Down 8.8 %

MXL opened at $9.31 on Friday. The firm has a market capitalization of $787.94 million, a price-to-earnings ratio of -3.18 and a beta of 1.76. The company’s 50 day simple moving average is $14.68 and its two-hundred day simple moving average is $16.22. MaxLinear, Inc. has a 1-year low of $8.58 and a 1-year high of $26.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. Analysts expect that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Northland Securities boosted their price objective on MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research report on Monday, January 6th. Benchmark restated a “buy” rating and set a $28.00 price objective on shares of MaxLinear in a research report on Thursday, January 30th. Wells Fargo & Company lifted their target price on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Susquehanna cut their price objective on 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 assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.