38,050 Shares in MaxLinear, Inc. (NASDAQ:MXL) Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new stake in MaxLinear, Inc. (NASDAQ:MXL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 38,050 shares of the semiconductor company’s stock, valued at approximately $551,000.

A number of other institutional investors have also recently modified their holdings of the stock. Hood River Capital Management LLC bought a new position in MaxLinear in the second quarter valued at about $24,184,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of MaxLinear in the 3rd quarter valued at approximately $16,696,000. Millennium Management LLC grew its holdings in shares of MaxLinear by 307.9% during the 2nd quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company’s stock valued at $21,039,000 after purchasing an additional 788,558 shares during the last quarter. Vanguard Group Inc. increased its position in MaxLinear by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 12,253,823 shares of the semiconductor company’s stock worth $228,779,000 after purchasing an additional 667,550 shares in the last quarter. Finally, Natixis Advisors LLC bought a new position in MaxLinear in the 3rd quarter valued at approximately $3,294,000. 90.79% of the stock is currently owned by institutional investors.

MaxLinear Price Performance

Shares of NASDAQ MXL opened at $15.87 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.34 billion, a PE ratio of -5.89 and a beta of 1.85. The firm has a fifty day simple moving average of $14.40 and a 200 day simple moving average of $16.21. MaxLinear, Inc. has a twelve month low of $11.08 and a twelve month high of $26.59.

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

Insider Buying and Selling at MaxLinear

In related news, Director Ted L. Tewksbury III sold 5,800 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.36, for a total value of $89,088.00. Following the completion of the sale, the director now directly owns 69,717 shares of the company’s stock, valued at $1,070,853.12. The trade was a 7.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP William Torgerson sold 6,100 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $15.40, for a total value of $93,940.00. Following the completion of the transaction, the vice president now owns 179,262 shares in the company, valued at approximately $2,760,634.80. The trade was a 3.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MXL shares. Craig Hallum reduced their price objective 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 reduced their price target for the stock from $26.00 to $15.00 in a report on Tuesday, October 1st. Wells Fargo & Company assumed coverage on shares of MaxLinear in a report on Friday. They issued an “equal weight” rating and a $14.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, October 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $22.00 price target on shares of MaxLinear in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.29.

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.