Jacobs Levy Equity Management Inc. Sells 1,023,257 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Jacobs Levy Equity Management Inc. reduced its position in MaxLinear, Inc. (NASDAQ:MXL) by 94.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,808 shares of the semiconductor company’s stock after selling 1,023,257 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.08% of MaxLinear worth $1,302,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MXL. Aster Capital Management DIFC Ltd bought a new position in MaxLinear in the 4th quarter valued at about $34,000. Pacer Advisors Inc. boosted its stake in shares of MaxLinear by 29.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 443 shares in the last quarter. R Squared Ltd acquired a new stake in shares of MaxLinear in the 4th quarter valued at approximately $45,000. Wealthfront Advisers LLC acquired a new stake in shares of MaxLinear in the 4th quarter valued at approximately $45,000. Finally, Larson Financial Group LLC boosted its stake in shares of MaxLinear by 3,092.0% in the 4th quarter. Larson Financial Group LLC now owns 2,809 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 2,721 shares in the last quarter. 90.79% of the stock is owned by institutional investors.

MaxLinear Stock Down 2.0%

NASDAQ:MXL opened at $12.43 on Friday. The firm’s 50 day simple moving average is $11.20 and its 200 day simple moving average is $15.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.28. MaxLinear, Inc. has a one year low of $8.35 and a one year high of $26.59. The company has a market cap of $1.05 billion, a PE ratio of -4.24 and a beta of 1.66.

MaxLinear (NASDAQ:MXL) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). MaxLinear had a negative net margin of 68.01% and a negative return on equity of 21.94%. The business had revenue of $95.93 million for the quarter, compared to the consensus estimate of $95.32 million. During the same period last year, the company earned ($0.21) EPS. The firm’s revenue was up .7% compared to the same quarter last year. On average, research analysts anticipate that MaxLinear, Inc. will post -0.37 earnings per share for the current year.

Insiders Place Their Bets

In other MaxLinear news, Director Ted L. Tewksbury III sold 6,071 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $10.40, for a total transaction of $63,138.40. Following the completion of the transaction, the director now owns 74,995 shares in the company, valued at approximately $779,948. This trade represents a 7.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MXL shares. Wells Fargo & Company raised their price target on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research note on Thursday, January 30th. Roth Capital set a $11.00 price target on shares of MaxLinear and gave the company a “neutral” rating in a research note on Thursday, April 24th. Susquehanna reduced their price target on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Loop Capital reduced their price target on shares of MaxLinear from $18.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, April 29th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.06.

MaxLinear 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.