MetLife Investment Management LLC Has $961,000 Holdings in MaxLinear, Inc. (NASDAQ:MXL)

MetLife Investment Management LLC lifted its stake in MaxLinear, Inc. (NASDAQ:MXL) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,592 shares of the semiconductor company’s stock after acquiring an additional 3,314 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of MaxLinear worth $961,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. lifted its position in shares of MaxLinear by 10.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,857 shares of the semiconductor company’s stock worth $25,098,000 after acquiring an additional 115,867 shares during the period. Assenagon Asset Management S.A. lifted its position in 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 worth $24,740,000 after purchasing an additional 966,468 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in MaxLinear by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,017,311 shares of the semiconductor company’s stock worth $20,122,000 after buying an additional 101,896 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in MaxLinear by 44.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 935,739 shares of the semiconductor company’s stock valued at $13,550,000 after buying an additional 288,607 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of MaxLinear by 422.1% in the 4th quarter. Victory Capital Management Inc. now owns 815,931 shares of the semiconductor company’s stock valued at $16,139,000 after buying an additional 659,662 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Up 5.8 %

MXL opened at $10.69 on Friday. MaxLinear, Inc. has a 1-year low of $8.35 and a 1-year high of $26.59. The stock has a market capitalization of $904.74 million, a PE ratio of -3.65 and a beta of 1.66. 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 firm has a 50-day moving average price of $11.51 and a two-hundred day moving average price of $15.61.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $95.93 million during the quarter, compared to analyst estimates of $95.32 million. MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. MaxLinear’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) earnings per share. As a group, equities analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MXL. Roth Capital set a $11.00 target price on shares of MaxLinear and gave the company a “neutral” rating in a research note on Thursday, April 24th. Northland Securities increased their target price on MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of MaxLinear in a research note on Thursday, April 24th. Wells Fargo & Company upped their price target on MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.06.

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.