MaxLinear, Inc. (NYSE:MXL) Stock Position Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in MaxLinear, Inc. (NYSE:MXL) by 10.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,132 shares of the semiconductor company’s stock after buying an additional 3,278 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in MaxLinear were worth $835,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in shares of MaxLinear by 354.9% during the 3rd quarter. Acadian Asset Management LLC now owns 39,519 shares of the semiconductor company’s stock valued at $876,000 after purchasing an additional 30,832 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of MaxLinear by 423.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock valued at $14,622,000 after purchasing an additional 531,529 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of MaxLinear by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 632,251 shares of the semiconductor company’s stock valued at $14,068,000 after purchasing an additional 31,589 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of MaxLinear by 180.9% during the 3rd quarter. GSA Capital Partners LLP now owns 82,324 shares of the semiconductor company’s stock valued at $1,832,000 after purchasing an additional 53,013 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of MaxLinear by 111.2% during the 3rd quarter. Hsbc Holdings PLC now owns 113,497 shares of the semiconductor company’s stock valued at $2,534,000 after purchasing an additional 59,760 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MXL shares. Needham & Company LLC reduced their price objective 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. Wells Fargo & Company lowered shares of MaxLinear from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $35.00 to $25.00 in a research note on Wednesday, January 3rd. StockNews.com raised shares of MaxLinear from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Benchmark upped their price objective on shares of MaxLinear from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, April 15th. 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 note on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, MaxLinear currently has an average rating of “Hold” and a consensus target price of $26.09.

MaxLinear Price Performance

NYSE MXL opened at $20.93 on Thursday. The company has a 50 day simple moving average of $19.85 and a 200-day simple moving average of $19.94. 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 firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -23.09 and a beta of 1.98. MaxLinear, Inc. has a 52-week low of $13.43 and a 52-week high of $35.09.

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

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.