Wedge Capital Management L L P NC Takes $1.42 Million Position in MaxLinear, Inc. (NYSE:MXL)

Wedge Capital Management L L P NC bought a new stake in MaxLinear, Inc. (NYSE:MXL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 59,539 shares of the semiconductor company’s stock, valued at approximately $1,415,000. Wedge Capital Management L L P NC owned 0.07% of MaxLinear at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Acadian Asset Management LLC increased its holdings in shares of MaxLinear by 354.9% in 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 during the period. Jacobs Levy Equity Management Inc. increased its holdings in MaxLinear by 423.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock worth $14,622,000 after buying an additional 531,529 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in MaxLinear by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 632,251 shares of the semiconductor company’s stock worth $14,068,000 after buying an additional 31,589 shares during the last quarter. GSA Capital Partners LLP increased its holdings in MaxLinear by 180.9% in the third quarter. GSA Capital Partners LLP now owns 82,324 shares of the semiconductor company’s stock worth $1,832,000 after buying an additional 53,013 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in MaxLinear by 111.2% in the third quarter. Hsbc Holdings PLC now owns 113,497 shares of the semiconductor company’s stock worth $2,534,000 after buying an additional 59,760 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Price Performance

MXL opened at $20.68 on Friday. MaxLinear, Inc. has a 1-year low of $13.43 and a 1-year high of $35.09. 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 business has a 50 day moving average of $19.89 and a 200-day moving average of $19.95.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.02. MaxLinear had a negative return on equity of 4.63% and a negative net margin of 28.70%. The company had revenue of $95.27 million during the quarter, compared to analysts’ expectations of $94.99 million. On average, equities analysts expect that MaxLinear, Inc. will post -0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MXL has been the topic of a number of research reports. StockNews.com downgraded MaxLinear from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Company downgraded MaxLinear from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $35.00 to $25.00 in a report on Wednesday, January 3rd. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of MaxLinear in a report on Thursday. Benchmark reaffirmed a “buy” rating and set a $28.00 target price on shares of MaxLinear in a research report on Thursday. Finally, Northland Securities raised MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.09.

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.