Jump Financial LLC Increases Stock Holdings in MaxLinear, Inc. (NYSE:MXL)

Jump Financial LLC lifted its stake in MaxLinear, Inc. (NYSE:MXLFree Report) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,456 shares of the semiconductor company’s stock after acquiring an additional 1,622 shares during the period. Jump Financial LLC’s holdings in MaxLinear were worth $633,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Asset Dedication LLC purchased a new position in MaxLinear during the 2nd quarter worth $32,000. International Assets Investment Management LLC acquired a new position in MaxLinear in the 3rd quarter worth about $35,000. CWM LLC raised its holdings in MaxLinear by 712.8% in the 3rd quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 2,010 shares during the period. Covestor Ltd raised its holdings in MaxLinear by 44,100.0% in the 2nd quarter. Covestor Ltd now owns 2,652 shares of the semiconductor company’s stock worth $83,000 after purchasing an additional 2,646 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of MaxLinear by 27.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 862 shares during the last quarter. 87.65% of the stock is owned by institutional investors.

MaxLinear Stock Up 3.6 %

Shares of NYSE MXL opened at $18.27 on Friday. The stock has a market cap of $1.49 billion, a P/E ratio of -20.53 and a beta of 2.06. The company has a current ratio of 2.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18. MaxLinear, Inc. has a 12-month low of $13.43 and a 12-month high of $40.15. The business’s fifty day simple moving average is $21.37 and its 200-day simple moving average is $21.25.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Needham & Company LLC reduced their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Benchmark reduced their target price on MaxLinear from $35.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, October 26th. TheStreet cut MaxLinear from a “c” rating to a “d+” rating in a report on Thursday, October 26th. Deutsche Bank Aktiengesellschaft lowered MaxLinear from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a research report on Thursday, October 19th. Finally, Roth Capital lowered MaxLinear from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.18.

Read Our Latest Stock Analysis on MXL

MaxLinear Company Profile

(Free Report)

MaxLinear, Inc engages in the provision of communications systems-on-chip, or SoC, solutions used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. Its products include cable broadband modems and gateways, wireline connectivity devices, radio frequency transceivers, fiber-optic modules, video set-top boxes and gateways, hybrid analog and digital televisions, direct broadcast satellite outdoor and indoor units, and power management and interface products.

See Also

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Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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