Wealthfront Advisers LLC Invests $45,000 in MaxLinear, Inc. (NASDAQ:MXL)

Wealthfront Advisers LLC acquired a new position in MaxLinear, Inc. (NASDAQ:MXL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,252 shares of the semiconductor company’s stock, valued at approximately $45,000.

Several other hedge funds have also recently made changes to their positions in the business. Pacer Advisors Inc. raised its position in shares of MaxLinear by 29.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 443 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of MaxLinear by 19.1% in the 4th quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 662 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of MaxLinear by 95.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 1,900 shares during the period. R Squared Ltd acquired a new stake in shares of MaxLinear in the 4th quarter valued at about $45,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MaxLinear by 12.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,046 shares of the semiconductor company’s stock valued at $334,000 after buying an additional 2,618 shares during the period. 90.79% of the stock is owned by institutional investors.

MaxLinear Price Performance

MaxLinear stock opened at $12.83 on Wednesday. MaxLinear, Inc. has a 52 week low of $11.08 and a 52 week high of $26.59. The company’s 50 day moving average price is $17.44 and its two-hundred day moving average price is $16.44. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.09 billion, a P/E ratio of -4.38 and a beta of 1.76.

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

Analyst Ratings Changes

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

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.