Hel Ved Capital Management Ltd Takes $3.32 Million Position in MaxLinear, Inc. (NASDAQ:MXL)

Hel Ved Capital Management Ltd bought a new position in MaxLinear, Inc. (NASDAQ:MXL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 167,700 shares of the semiconductor company’s stock, valued at approximately $3,317,000. Hel Ved Capital Management Ltd owned about 0.20% of MaxLinear at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in MaxLinear by 29.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 443 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of MaxLinear during the 4th quarter worth about $45,000. R Squared Ltd acquired a new stake in shares of MaxLinear during the 4th quarter valued at about $45,000. Larson Financial Group LLC increased its stake in shares of MaxLinear by 3,092.0% in the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 2,721 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in MaxLinear by 95.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 1,900 shares during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.

Analysts Set New Price Targets

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

MaxLinear Trading Down 8.8 %

MXL opened at $9.31 on Friday. 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 company’s 50 day simple moving average is $14.68 and its two-hundred day simple moving average is $16.22. The firm has a market capitalization of $787.94 million, a price-to-earnings ratio of -3.18 and a beta of 1.76. MaxLinear, Inc. has a 1-year low of $8.58 and a 1-year high of $26.59.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). MaxLinear had a negative return on equity of 21.94% and a negative net margin of 68.01%. Analysts expect that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

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.