MaxLinear, Inc. (NASDAQ:MXL) Shares Sold by Walleye Capital LLC

Walleye Capital LLC lowered its stake in shares of MaxLinear, Inc. (NASDAQ:MXL) by 18.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,094 shares of the semiconductor company’s stock after selling 39,351 shares during the period. Walleye Capital LLC owned 0.20% of MaxLinear worth $2,492,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of MaxLinear during the 3rd quarter worth approximately $16,696,000. Quantbot Technologies LP grew its position in MaxLinear by 111.7% in the third quarter. Quantbot Technologies LP now owns 66,363 shares of the semiconductor company’s stock worth $961,000 after acquiring an additional 35,018 shares during the period. Mirabella Financial Services LLP acquired a new stake in MaxLinear during the third quarter worth $551,000. Millennium Management LLC raised its position in MaxLinear by 307.9% in the second quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company’s stock valued at $21,039,000 after purchasing an additional 788,558 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of MaxLinear in the 3rd quarter valued at $833,000. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MaxLinear news, VP William Torgerson sold 6,100 shares of MaxLinear stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $15.40, for a total transaction of $93,940.00. Following the completion of the sale, the vice president now directly owns 179,262 shares of the company’s stock, valued at $2,760,634.80. The trade was a 3.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.36, for a total value of $89,088.00. Following the completion of the transaction, the director now owns 69,717 shares in the company, valued at approximately $1,070,853.12. The trade was a 7.68 % decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

MaxLinear Stock Up 7.6 %

MaxLinear stock opened at $17.40 on Wednesday. The firm has a market capitalization of $1.47 billion, a P/E ratio of -6.40 and a beta of 1.87. The stock’s fifty day simple moving average is $14.56 and its 200-day simple moving average is $16.03. MaxLinear, Inc. has a twelve month low of $11.08 and a twelve month high of $26.59. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MXL shares. Wells Fargo & Company initiated coverage on MaxLinear in a research report on Friday, November 22nd. They set 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 note on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $22.00 price objective on shares of MaxLinear in a research report on Thursday, October 24th. Craig Hallum cut their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Susquehanna lowered MaxLinear from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MaxLinear presently has a consensus rating of “Hold” and an average price target of $22.29.

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.