MaxLinear, Inc. (NYSE:MXL) Position Boosted by Duality Advisers LP

Duality Advisers LP raised its holdings in shares of MaxLinear, Inc. (NYSE:MXL) by 9.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,356 shares of the semiconductor company’s stock after acquiring an additional 5,727 shares during the quarter. Duality Advisers LP owned approximately 0.08% of MaxLinear worth $1,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of MaxLinear by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,683,038 shares of the semiconductor company’s stock valued at $237,698,000 after buying an additional 1,199,257 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of MaxLinear in the 4th quarter valued at approximately $7,553,000. Federated Hermes Inc. grew its stake in shares of MaxLinear by 2,412.2% in the 4th quarter. Federated Hermes Inc. now owns 162,916 shares of the semiconductor company’s stock valued at $3,873,000 after buying an additional 156,431 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of MaxLinear by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,912,731 shares of the semiconductor company’s stock valued at $45,469,000 after buying an additional 137,698 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of MaxLinear by 58.0% in the 1st quarter. BNP Paribas Financial Markets now owns 265,567 shares of the semiconductor company’s stock valued at $4,958,000 after buying an additional 97,447 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Performance

NYSE:MXL traded up $0.54 during trading hours on Friday, reaching $22.79. The company had a trading volume of 288,435 shares, compared to its average volume of 711,842. The stock has a 50-day moving average of $19.34 and a two-hundred day moving average of $20.11. MaxLinear, Inc. has a one year low of $13.43 and a one year high of $35.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.56 and a current ratio of 1.99.

MaxLinear (NYSE:MXL) last announced its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.02. The company had revenue of $95.27 million for the quarter, compared to analysts’ expectations of $94.99 million. MaxLinear had a negative return on equity of 4.75% and a negative net margin of 28.70%. As a group, research analysts predict that MaxLinear, Inc. will post -1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on MXL. Benchmark restated a “buy” rating and issued a $28.00 target price on shares of MaxLinear in a report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of MaxLinear in a research note on Thursday, April 25th. StockNews.com lowered MaxLinear from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, Northland Securities upgraded MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.70.

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.