Principal Financial Group Inc. Purchases 12,838 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Principal Financial Group Inc. lifted its position in MaxLinear, Inc. (NASDAQ:MXL) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 374,722 shares of the semiconductor company’s stock after purchasing an additional 12,838 shares during the quarter. Principal Financial Group Inc. owned about 0.44% of MaxLinear worth $7,412,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of MaxLinear by 5,114.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 126,863 shares of the semiconductor company’s stock worth $1,837,000 after purchasing an additional 124,430 shares during the period. Quantbot Technologies LP increased its stake in MaxLinear by 111.7% in the third quarter. Quantbot Technologies LP now owns 66,363 shares of the semiconductor company’s stock valued at $961,000 after acquiring an additional 35,018 shares during the last quarter. Two Sigma Advisers LP increased its stake in MaxLinear by 21.8% in the third quarter. Two Sigma Advisers LP now owns 694,149 shares of the semiconductor company’s stock valued at $10,051,000 after acquiring an additional 124,300 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in MaxLinear by 339.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company’s stock valued at $24,740,000 after acquiring an additional 966,468 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in MaxLinear in the third quarter valued at $16,696,000. Institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Performance

MaxLinear stock opened at $14.61 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $19.24 and a 200-day moving average of $16.37. The firm has a market cap of $1.24 billion, a P/E ratio of -4.99 and a beta of 1.77. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year high of $26.59.

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

Insider Transactions at MaxLinear

In other MaxLinear news, insider Steven G. Litchfield sold 32,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $7,445,413.80. This trade represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Connie H. Kwong sold 5,000 shares of the firm’s stock in a transaction dated 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 owns 49,147 shares of the company’s stock, valued at $914,625.67. This trade 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 currently owned by company insiders.

Analyst Ratings Changes

MXL has been the topic of a number of research analyst reports. Wells Fargo & Company increased their target price on MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. Susquehanna cut their price target on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Northland Securities upped their price target on shares of MaxLinear from $25.00 to $27.50 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, Benchmark restated a “buy” rating and set a $28.00 price target on shares of MaxLinear in a research report 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 issued a buy rating to the company. According to data from MarketBeat.com, MaxLinear presently has an average rating of “Hold” and an average target price of $25.50.

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.