Counterpoint Mutual Funds LLC Acquires 8,920 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Counterpoint Mutual Funds LLC boosted its holdings in shares of MaxLinear, Inc. (NASDAQ:MXL) by 44.8% during the fourth quarter, HoldingsChannel reports. The fund owned 28,821 shares of the semiconductor company’s stock after purchasing an additional 8,920 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in MaxLinear were worth $570,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MXL. Victory Capital Management Inc. grew its holdings in MaxLinear by 103.3% during the 3rd quarter. Victory Capital Management Inc. now owns 156,269 shares of the semiconductor company’s stock worth $2,263,000 after acquiring an additional 79,392 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of MaxLinear during the 3rd quarter valued at $3,294,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of MaxLinear during the 3rd quarter valued at $16,696,000. LMR Partners LLP acquired a new position in shares of MaxLinear during the 3rd quarter valued at $548,000. Finally, Intech Investment Management LLC acquired a new position in shares of MaxLinear during the 3rd quarter valued at $328,000. 90.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Susquehanna dropped their target price on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Northland Securities upped their target price on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Benchmark restated a “buy” rating and set a $28.00 price target on shares of MaxLinear in a research report on Thursday, January 30th. Finally, Wells Fargo & Company increased their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, MaxLinear has a consensus rating of “Hold” and a consensus target price of $25.50.

MaxLinear Trading Up 4.3 %

Shares of MaxLinear stock opened at $13.23 on Tuesday. MaxLinear, Inc. has a 12-month low of $11.08 and a 12-month high of $26.59. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -4.52 and a beta of 1.76. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $17.73 and its 200-day moving average price is $16.46.

MaxLinear (NASDAQ:MXL) last announced 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 net margin of 68.01% and a negative return on equity of 21.94%. On average, equities analysts expect that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

MaxLinear Company 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.