MaxLinear, Inc. (NASDAQ:MXL) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL) by 3,092.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,809 shares of the semiconductor company’s stock after buying an additional 2,721 shares during the period. Larson Financial Group LLC’s holdings in MaxLinear were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in MaxLinear by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 443 shares during the period. Truvestments Capital LLC acquired a new stake in MaxLinear during the third quarter worth about $42,000. R Squared Ltd acquired a new stake in MaxLinear during the fourth quarter worth about $45,000. PNC Financial Services Group Inc. increased its stake in shares of MaxLinear by 95.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 1,900 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of MaxLinear by 19.1% in the fourth quarter. GAMMA Investing LLC now owns 4,134 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 662 shares during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Trading Up 6.1 %

MaxLinear stock opened at $12.67 on Thursday. The firm has a 50 day simple moving average of $18.17 and a 200-day simple moving average of $16.45. 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 stock has a market capitalization of $1.07 billion, a PE ratio of -4.32 and a beta of 1.76. MaxLinear, Inc. has a 12-month low of $11.08 and a 12-month high of $26.59.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Susquehanna dropped their price target on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Northland Securities raised their price target on shares of 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 restated a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. Finally, Benchmark restated a “buy” rating and issued a $28.00 price target on shares of MaxLinear in a research note on Thursday, January 30th. One research 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 company currently has a consensus rating of “Hold” and a consensus target price of $25.50.

Insiders Place Their Bets

In other MaxLinear news, insider Steven G. Litchfield sold 32,000 shares of MaxLinear stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.35, for a total value of $651,200.00. Following the transaction, the insider now owns 365,868 shares in the company, valued at approximately $7,445,413.80. The trade was a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by company insiders.

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.