Quadrature Capital Ltd Has $320,000 Stake in MaxLinear, Inc. (NASDAQ:MXL)

Quadrature Capital Ltd grew its position in MaxLinear, Inc. (NASDAQ:MXL) by 93.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,056 shares of the semiconductor company’s stock after acquiring an additional 10,681 shares during the period. Quadrature Capital Ltd’s holdings in MaxLinear were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. 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 valued at $1,837,000 after purchasing an additional 124,430 shares in the last quarter. Quantbot Technologies LP boosted its position in MaxLinear by 111.7% in the 3rd quarter. Quantbot Technologies LP now owns 66,363 shares of the semiconductor company’s stock valued at $961,000 after buying an additional 35,018 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of MaxLinear in the 3rd quarter valued at $16,696,000. Mirabella Financial Services LLP bought a new stake in shares of MaxLinear during the third quarter worth $551,000. Finally, Millennium Management LLC raised its position in shares of MaxLinear by 307.9% during the second quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company’s stock worth $21,039,000 after acquiring an additional 788,558 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Benchmark lifted their price objective on MaxLinear from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday. Craig Hallum dropped their price target on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Susquehanna cut MaxLinear from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $26.00 to $15.00 in a report on Tuesday, October 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday, October 24th. Finally, Wells Fargo & Company began coverage on MaxLinear in a report on Friday, November 22nd. They set an “equal weight” rating and a $14.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, MaxLinear has a consensus rating of “Hold” and a consensus price target of $23.14.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, insider Connie H. Kwong sold 5,000 shares of MaxLinear stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total value of $93,050.00. Following the completion of the transaction, the insider now directly owns 49,147 shares of the company’s stock, valued at $914,625.67. The trade was a 9.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William Torgerson sold 6,100 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $15.40, for a total value of $93,940.00. Following the sale, the vice president now owns 179,262 shares of the company’s stock, valued at approximately $2,760,634.80. The trade was a 3.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,900 shares of company stock valued at $276,078 in the last quarter. Company insiders own 8.60% of the company’s stock.

MaxLinear Stock Performance

NASDAQ:MXL opened at $19.43 on Tuesday. The stock has a 50 day simple moving average of $14.90 and a 200 day simple moving average of $16.04. The stock has a market cap of $1.64 billion, a P/E ratio of -7.14 and a beta of 1.87. MaxLinear, Inc. has a 1-year low of $11.08 and a 1-year high of $26.59. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

MaxLinear (NASDAQ:MXL) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. The firm had revenue of $81.10 million for the quarter, compared to analyst estimates of $80.40 million. During the same period in the prior year, the business posted ($0.02) EPS. The firm’s quarterly revenue was down 40.2% compared to the same quarter last year. Research analysts anticipate that MaxLinear, Inc. will post -1.66 earnings per share for the current year.

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.