Counterpoint Mutual Funds LLC Has $570,000 Stock Holdings in MaxLinear, Inc. (NASDAQ:MXL)

Counterpoint Mutual Funds LLC lifted its stake in shares of MaxLinear, Inc. (NASDAQ:MXL) by 44.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,821 shares of the semiconductor company’s stock after buying an additional 8,920 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in MaxLinear were worth $570,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MXL. Pacer Advisors Inc. lifted its stake in shares of MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after buying an additional 443 shares during the last quarter. Truvestments Capital LLC acquired a new stake in MaxLinear in the 3rd quarter worth about $42,000. R Squared Ltd acquired a new stake in MaxLinear in the 4th quarter worth about $45,000. Wealthfront Advisers LLC acquired a new stake in MaxLinear in the 4th quarter worth about $45,000. Finally, Larson Financial Group LLC raised its stake in MaxLinear by 3,092.0% in the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 2,721 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MXL shares. Northland Securities lifted their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Susquehanna dropped their price objective on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Benchmark reiterated a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a research note on Thursday, January 30th. Wells Fargo & Company raised their target price on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.50.

MaxLinear Trading Up 4.3 %

Shares of MaxLinear stock opened at $13.23 on Tuesday. The firm has a market capitalization of $1.12 billion, a PE ratio of -4.52 and a beta of 1.76. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $17.73 and its 200 day moving average is $16.46. MaxLinear, Inc. has a 1 year low of $11.08 and a 1 year high of $26.59.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. Equities research analysts forecast that MaxLinear, Inc. will post -0.37 earnings per share 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.