Duality Advisers LP Reduces Stake in MaxLinear, Inc. (NYSE:MXL)

Duality Advisers LP trimmed its holdings in MaxLinear, Inc. (NYSE:MXL) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 60,629 shares of the semiconductor company’s stock after selling 8,291 shares during the quarter. Duality Advisers LP’s holdings in MaxLinear were worth $1,441,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MXL. Federated Hermes Inc. increased its holdings in shares of MaxLinear by 2,412.2% in the 4th quarter. Federated Hermes Inc. now owns 162,916 shares of the semiconductor company’s stock valued at $3,873,000 after acquiring an additional 156,431 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MaxLinear by 28.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,431 shares of the semiconductor company’s stock valued at $486,000 after purchasing an additional 4,525 shares during the period. Everence Capital Management Inc. purchased a new position in shares of MaxLinear during the fourth quarter worth about $205,000. Louisiana State Employees Retirement System acquired a new position in MaxLinear in the 4th quarter valued at about $882,000. Finally, Kendall Capital Management increased its position in MaxLinear by 59.1% in the 4th quarter. Kendall Capital Management now owns 42,720 shares of the semiconductor company’s stock valued at $1,015,000 after acquiring an additional 15,875 shares during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Trading Up 4.8 %

Shares of MaxLinear stock opened at $20.78 on Wednesday. MaxLinear, Inc. has a 52-week low of $13.43 and a 52-week high of $35.09. The firm has a market capitalization of $1.70 billion, a PE ratio of 44.04 and a beta of 1.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.20 and a quick ratio of 1.75. The company’s fifty day moving average price is $19.81 and its two-hundred day moving average price is $19.95.

MaxLinear (NYSE:MXL) last issued its earnings results on Wednesday, January 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, meeting the consensus estimate of ($0.17). MaxLinear had a negative net margin of 10.55% and a positive return on equity of 4.77%. The business had revenue of $125.35 million for the quarter, compared to analyst estimates of $125.06 million. On average, analysts expect that MaxLinear, Inc. will post -0.8 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Benchmark boosted their price target on shares of MaxLinear from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. StockNews.com upgraded MaxLinear from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Northland Securities raised MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Thursday, April 4th. Needham & Company LLC dropped their price objective on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Finally, Wells Fargo & Company cut MaxLinear from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, MaxLinear presently has a consensus rating of “Hold” and an average target price of $26.09.

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.