Swiss National Bank Grows Stock Holdings in MaxLinear, Inc. (NASDAQ:MXL)

Swiss National Bank lifted its stake in shares of MaxLinear, Inc. (NASDAQ:MXL) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 156,773 shares of the semiconductor company’s stock after acquiring an additional 2,500 shares during the quarter. Swiss National Bank owned approximately 0.19% of MaxLinear worth $3,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. increased its holdings in MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 443 shares during the period. Truvestments Capital LLC purchased a new position in shares of MaxLinear during the third quarter valued at $42,000. R Squared Ltd bought a new stake in shares of MaxLinear in the fourth quarter valued at about $45,000. Wealthfront Advisers LLC bought a new stake in shares of MaxLinear in the fourth quarter valued at about $45,000. Finally, Larson Financial Group LLC grew its holdings in MaxLinear by 3,092.0% during the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company’s stock worth $56,000 after acquiring an additional 2,721 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MXL shares. Northland Securities upped their price target 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 reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Wells Fargo & Company boosted 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. Susquehanna dropped their price objective on MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Finally, Benchmark reiterated a “buy” rating and issued a $28.00 target price on shares of MaxLinear in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, MaxLinear currently has a consensus rating of “Hold” and an average price target of $25.50.

MaxLinear Trading Down 3.5 %

MaxLinear stock opened at $12.74 on Thursday. 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 stock has a market cap of $1.08 billion, a PE ratio of -4.35 and a beta of 1.76. The stock has a 50-day moving average of $16.67 and a two-hundred day moving average of $16.40. MaxLinear, Inc. has a one year low of $11.08 and a one year high of $26.59.

MaxLinear (NASDAQ:MXL) last announced 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%. On average, research analysts anticipate 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.