Entropy Technologies LP Buys Shares of 15,277 MaxLinear, Inc. (NASDAQ:MXL)

Entropy Technologies LP purchased a new position in MaxLinear, Inc. (NASDAQ:MXL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,277 shares of the semiconductor company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Simplicity Wealth LLC grew its stake in MaxLinear by 3.1% in the second quarter. Simplicity Wealth LLC now owns 19,283 shares of the semiconductor company’s stock worth $388,000 after purchasing an additional 579 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of MaxLinear by 7.4% during the first quarter. ProShare Advisors LLC now owns 15,304 shares of the semiconductor company’s stock valued at $286,000 after buying an additional 1,061 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of MaxLinear by 3.0% in the second quarter. Louisiana State Employees Retirement System now owns 38,000 shares of the semiconductor company’s stock valued at $765,000 after acquiring an additional 1,100 shares in the last quarter. Swiss National Bank lifted its stake in MaxLinear by 0.9% in the first quarter. Swiss National Bank now owns 152,973 shares of the semiconductor company’s stock worth $2,856,000 after acquiring an additional 1,300 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in MaxLinear by 20.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,761 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 1,308 shares in the last quarter. 90.79% of the stock is owned by institutional investors.

MaxLinear Stock Performance

MXL opened at $14.30 on Friday. The firm’s 50-day moving average price is $14.29 and its 200-day moving average price is $16.40. The company has a market cap of $1.21 billion, a P/E ratio of -5.26 and a beta of 1.85. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. MaxLinear, Inc. has a 52-week low of $11.08 and a 52-week high of $26.59.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. The company had revenue of $81.10 million for the quarter, compared to analyst estimates of $80.40 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The company’s quarterly revenue was down 40.2% on a year-over-year basis. As a group, equities analysts anticipate that MaxLinear, Inc. will post -1.66 EPS for the current fiscal year.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, VP William Torgerson sold 6,100 shares of MaxLinear stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $15.40, for a total transaction of $93,940.00. Following the completion of the sale, the vice president now directly owns 179,262 shares in the company, valued at approximately $2,760,634.80. The trade was a 3.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 8.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MXL shares. Susquehanna cut shares of MaxLinear from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st. Craig Hallum dropped their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Benchmark reissued a “buy” rating and issued a $22.00 price target on shares of MaxLinear in a research report on Thursday, October 24th. Northland Securities dropped their price objective on MaxLinear from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MaxLinear in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.86.

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.