MaxLinear, Inc $MXL Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its holdings in shares of MaxLinear, Inc (NASDAQ:MXL) by 36.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,462 shares of the semiconductor company’s stock after selling 41,988 shares during the quarter. GSA Capital Partners LLP owned about 0.08% of MaxLinear worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in MaxLinear by 27.8% in the second quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock valued at $41,054,000 after purchasing an additional 628,719 shares during the period. Geode Capital Management LLC boosted its holdings in shares of MaxLinear by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,957,624 shares of the semiconductor company’s stock valued at $27,821,000 after purchasing an additional 62,083 shares during the last quarter. Marshall Wace LLP grew its stake in shares of MaxLinear by 239.0% during the 2nd quarter. Marshall Wace LLP now owns 1,385,171 shares of the semiconductor company’s stock valued at $19,683,000 after buying an additional 976,537 shares during the period. AIGH Capital Management LLC purchased a new stake in shares of MaxLinear during the 3rd quarter valued at $17,809,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of MaxLinear during the 2nd quarter worth $9,251,000. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Benchmark boosted their price target on MaxLinear from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Wells Fargo & Company lifted their price objective on MaxLinear from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a research report on Thursday, January 22nd. Stifel Nicolaus set a $23.00 price target on shares of MaxLinear in a report on Friday, October 24th. Finally, Williams Trading set a $25.00 price objective on shares of MaxLinear in a research note on Friday, October 24th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, MaxLinear has a consensus rating of “Hold” and a consensus target price of $19.57.

MaxLinear Stock Performance

Shares of NASDAQ:MXL opened at $18.47 on Thursday. The business’s 50-day simple moving average is $18.35 and its 200 day simple moving average is $16.74. The company has a market cap of $1.60 billion, a P/E ratio of -11.69 and a beta of 1.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.34. MaxLinear, Inc has a one year low of $8.35 and a one year high of $20.82.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data on Thursday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $136.44 million during the quarter, compared to the consensus estimate of $134.82 million. MaxLinear had a negative net margin of 29.23% and a negative return on equity of 6.95%. MaxLinear’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) earnings per share. On average, sell-side analysts forecast that MaxLinear, Inc will post -0.37 earnings per share for the current fiscal year.

MaxLinear announced that its Board of Directors has authorized a share repurchase plan on Monday, November 24th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the semiconductor company to reacquire up to 5.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

About MaxLinear

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.