Quadrature Capital Ltd Has $320,000 Holdings in MaxLinear, Inc. (NASDAQ:MXL)

Quadrature Capital Ltd raised its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL) by 93.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,056 shares of the semiconductor company’s stock after acquiring an additional 10,681 shares during the quarter. Quadrature Capital Ltd’s holdings in MaxLinear were worth $320,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MXL. Jacobs Levy Equity Management Inc. increased its stake in shares of MaxLinear by 36.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,089,065 shares of the semiconductor company’s stock worth $15,770,000 after acquiring an additional 291,874 shares during the last quarter. HighTower Advisors LLC grew its stake in MaxLinear by 1.3% in the third quarter. HighTower Advisors LLC now owns 683,340 shares of the semiconductor company’s stock valued at $9,898,000 after purchasing an additional 9,042 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in MaxLinear by 5,114.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 126,863 shares of the semiconductor company’s stock worth $1,837,000 after purchasing an additional 124,430 shares during the last quarter. PDT Partners LLC purchased a new stake in shares of MaxLinear during the 3rd quarter worth about $2,693,000. Finally, Verition Fund Management LLC lifted its holdings in shares of MaxLinear by 424.5% during the 3rd quarter. Verition Fund Management LLC now owns 90,046 shares of the semiconductor company’s stock valued at $1,304,000 after buying an additional 72,877 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Price Performance

Shares of NASDAQ:MXL opened at $19.43 on Tuesday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -7.14 and a beta of 1.87. The business has a 50 day moving average price of $14.90 and a 200 day moving average price of $16.04. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. MaxLinear, Inc. has a twelve month low of $11.08 and a twelve month high of $26.59.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The business had revenue of $81.10 million during the quarter, compared to the consensus estimate of $80.40 million. MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The firm’s revenue was down 40.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) earnings per share. Research analysts predict that MaxLinear, Inc. will post -1.66 earnings per share for the current year.

Insider Buying and Selling at MaxLinear

In other news, insider Connie H. Kwong sold 5,000 shares of MaxLinear stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total transaction of $93,050.00. Following the sale, the insider now owns 49,147 shares of the company’s stock, valued at approximately $914,625.67. This trade represents a 9.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William Torgerson sold 6,100 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $15.40, for a total value of $93,940.00. Following the completion of the transaction, the vice president now owns 179,262 shares of the company’s stock, valued at $2,760,634.80. The trade was a 3.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,900 shares of company stock valued at $276,078 in the last ninety days. Company insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MXL shares. Benchmark raised their price objective on shares of MaxLinear from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company started coverage on shares of MaxLinear in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $14.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research report on Thursday, October 24th. Craig Hallum decreased their price target on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Susquehanna downgraded MaxLinear from a “positive” rating to a “neutral” rating and cut their price objective for the company from $26.00 to $15.00 in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, MaxLinear presently has an average rating of “Hold” and a consensus target price of $23.14.

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.