Royce & Associates LP Purchases 54,893 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Royce & Associates LP grew its position in MaxLinear, Inc. (NASDAQ:MXL) by 322.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,930 shares of the semiconductor company’s stock after purchasing an additional 54,893 shares during the quarter. Royce & Associates LP owned approximately 0.08% of MaxLinear worth $1,423,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MXL. Natixis Advisors LLC lifted its holdings in MaxLinear by 11.5% in the fourth quarter. Natixis Advisors LLC now owns 253,764 shares of the semiconductor company’s stock valued at $5,019,000 after buying an additional 26,271 shares during the period. Swiss National Bank lifted its stake in shares of MaxLinear by 1.6% in the 4th quarter. Swiss National Bank now owns 156,773 shares of the semiconductor company’s stock valued at $3,101,000 after purchasing an additional 2,500 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of MaxLinear in the 4th quarter valued at about $45,000. AlphaQuest LLC boosted its position in shares of MaxLinear by 13,836.7% during the 4th quarter. AlphaQuest LLC now owns 4,181 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 4,151 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in MaxLinear by 3,092.0% during the fourth 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 during the period. 90.79% of the stock is currently owned by institutional investors and hedge funds.

MaxLinear Trading Down 0.4 %

NASDAQ:MXL opened at $12.97 on Friday. MaxLinear, Inc. has a one year low of $11.08 and a one year high of $26.59. The company has a market cap of $1.10 billion, a PE ratio of -4.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. The firm has a 50-day moving average of $17.14 and a 200-day moving average of $16.39.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data 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%. As a group, equities research analysts expect that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MXL has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on MaxLinear from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Northland Securities increased their target price 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 decreased their price target 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. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Benchmark reaffirmed a “buy” rating and issued a $28.00 target price on shares of MaxLinear in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, MaxLinear presently has an average rating of “Hold” and a consensus target price of $25.50.

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.