Simplicity Solutions LLC Lowers Position in MaxLinear, Inc. (NYSE:MXL)

Simplicity Solutions LLC decreased its stake in shares of MaxLinear, Inc. (NYSE:MXL) by 61.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,475 shares of the semiconductor company’s stock after selling 26,260 shares during the period. Simplicity Solutions LLC’s holdings in MaxLinear were worth $392,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in shares of MaxLinear by 171.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,220 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 771 shares in the last quarter. International Assets Investment Management LLC purchased a new position in MaxLinear in the third quarter valued at approximately $35,000. CWM LLC lifted its position in MaxLinear by 712.8% during the third quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 2,010 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in MaxLinear by 27.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock worth $90,000 after buying an additional 862 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of MaxLinear in the second quarter worth $90,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

MaxLinear Price Performance

MXL opened at $19.65 on Friday. The company has a market capitalization of $1.61 billion, a P/E ratio of 45.04 and a beta of 1.98. The company has a 50-day moving average of $19.82 and a 200-day moving average of $19.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 2.20. MaxLinear, Inc. has a 1-year low of $13.43 and a 1-year high of $35.09.

MaxLinear (NYSE:MXL) last announced its quarterly earnings data 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 positive return on equity of 4.77% and a negative net margin of 10.55%. The firm had revenue of $125.35 million during the quarter, compared to analyst estimates of $125.06 million. Equities analysts expect that MaxLinear, Inc. will post -0.8 EPS for the current fiscal year.

MaxLinear 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.