Mutual of America Capital Management LLC Has $166,000 Position in MaxLinear, Inc. (NASDAQ:MXL)

Mutual of America Capital Management LLC lowered its stake in MaxLinear, Inc. (NASDAQ:MXL) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,491 shares of the semiconductor company’s stock after selling 926 shares during the period. Mutual of America Capital Management LLC’s holdings in MaxLinear were worth $166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. acquired a new position in shares of MaxLinear in the 3rd quarter valued at $16,696,000. Millennium Management LLC grew its holdings in shares of MaxLinear by 307.9% in the 2nd quarter. Millennium Management LLC now owns 1,044,648 shares of the semiconductor company’s stock valued at $21,039,000 after buying an additional 788,558 shares during the period. GSA Capital Partners LLP acquired a new position in shares of MaxLinear in the 3rd quarter valued at $833,000. Comerica Bank grew its holdings in shares of MaxLinear by 472.6% in the 1st quarter. Comerica Bank now owns 194,405 shares of the semiconductor company’s stock valued at $3,630,000 after buying an additional 160,456 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in shares of MaxLinear by 229.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 210,700 shares of the semiconductor company’s stock valued at $4,243,000 after buying an additional 146,754 shares during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.

Insider Activity

In other news, VP William Torgerson sold 6,100 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $15.40, for a total value of $93,940.00. Following the sale, the vice president now directly owns 179,262 shares of the company’s stock, valued at approximately $2,760,634.80. This represents a 3.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ted L. Tewksbury III sold 5,800 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.36, for a total transaction of $89,088.00. Following the completion of the sale, the director now directly owns 69,717 shares in the company, valued at approximately $1,070,853.12. The trade was a 7.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

Analysts Set New Price Targets

MXL has been the subject of several research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and issued a $22.00 price objective on shares of MaxLinear in a research report on Thursday, October 24th. Craig Hallum cut their price objective on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Susquehanna cut shares of MaxLinear from a “positive” rating to a “neutral” rating and cut their price objective for the company from $26.00 to $15.00 in a research report on Tuesday, October 1st. Finally, Wells Fargo & Company began coverage on shares of MaxLinear in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $14.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, MaxLinear currently has an average rating of “Hold” and a consensus price target of $22.29.

MaxLinear Trading Up 4.0 %

Shares of NASDAQ:MXL opened at $15.13 on Friday. The company’s 50-day moving average price is $14.47 and its two-hundred day moving average price is $16.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38. MaxLinear, Inc. has a one year low of $11.08 and a one year high of $26.59. The stock has a market capitalization of $1.28 billion, a PE ratio of -5.56 and a beta of 1.85.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings results 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 business had revenue of $81.10 million for the quarter, compared to the consensus estimate of $80.40 million. During the same period last year, the firm earned ($0.02) earnings per share. The company’s quarterly revenue was down 40.2% compared to the same quarter last year. On average, equities analysts forecast that MaxLinear, Inc. will post -1.66 EPS 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.