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

Hel Ved Capital Management Ltd acquired a new stake in MaxLinear, Inc. (NASDAQ:MXL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 167,700 shares of the semiconductor company’s stock, valued at approximately $3,317,000.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of MaxLinear by 5.1% in the 3rd quarter. State Street Corp now owns 4,123,419 shares of the semiconductor company’s stock valued at $59,707,000 after buying an additional 198,791 shares during the period. Geode Capital Management LLC increased its stake in MaxLinear by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company’s stock worth $26,152,000 after purchasing an additional 6,420 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of MaxLinear by 10.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company’s stock worth $25,098,000 after purchasing an additional 115,867 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of MaxLinear by 339.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,250,769 shares of the semiconductor company’s stock valued at $24,740,000 after purchasing an additional 966,468 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of MaxLinear by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,017,311 shares of the semiconductor company’s stock valued at $20,122,000 after purchasing an additional 101,896 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MXL. Benchmark reissued a “buy” rating and issued a $28.00 price target on shares of MaxLinear in a research report on Thursday, January 30th. Northland Securities boosted their target price on MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday, January 30th. Wells Fargo & Company lifted their price objective on MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, Susquehanna cut their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, MaxLinear has an average rating of “Hold” and a consensus price target 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 quick ratio of 1.28 and a current ratio of 1.77. MaxLinear, Inc. has a one year low of $8.58 and a one year high of $26.59. The company has a market cap of $787.94 million, a P/E ratio of -3.18 and a beta of 1.76. The business’s 50-day simple moving average is $14.68 and its 200-day simple moving average is $16.22.

MaxLinear (NASDAQ:MXL) last announced its quarterly 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 net margin of 68.01% and a negative return on equity of 21.94%. As a group, equities research analysts expect that MaxLinear, Inc. will post -0.37 EPS for the current fiscal year.

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.