IMA Wealth Inc. Sells 4,538 Shares of MaxLinear, Inc. (NYSE:MXL)

IMA Wealth Inc. decreased its position in MaxLinear, Inc. (NYSE:MXL) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,928 shares of the semiconductor company’s stock after selling 4,538 shares during the quarter. IMA Wealth Inc.’s holdings in MaxLinear were worth $806,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in MaxLinear by 354.9% in the third quarter. Acadian Asset Management LLC now owns 39,519 shares of the semiconductor company’s stock valued at $876,000 after acquiring an additional 30,832 shares during the period. Jacobs Levy Equity Management Inc. increased its position in MaxLinear by 423.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 657,157 shares of the semiconductor company’s stock worth $14,622,000 after buying an additional 531,529 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in MaxLinear by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 632,251 shares of the semiconductor company’s stock worth $14,068,000 after buying an additional 31,589 shares in the last quarter. GSA Capital Partners LLP increased its position in MaxLinear by 180.9% in the third quarter. GSA Capital Partners LLP now owns 82,324 shares of the semiconductor company’s stock worth $1,832,000 after buying an additional 53,013 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in MaxLinear by 111.2% in the third quarter. Hsbc Holdings PLC now owns 113,497 shares of the semiconductor company’s stock worth $2,534,000 after buying an additional 59,760 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

Wall Street Analysts Forecast Growth

MXL has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and issued a $28.00 price target on shares of MaxLinear in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of MaxLinear in a research report on Thursday. Wells Fargo & Company cut MaxLinear from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $35.00 to $25.00 in a research report on Wednesday, January 3rd. StockNews.com cut MaxLinear from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Northland Securities upgraded MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.09.

MaxLinear Price Performance

MaxLinear stock traded down $0.09 during midday trading on Friday, reaching $20.59. 843,599 shares of the stock traded hands, compared to its average volume of 1,096,932. The stock’s fifty day moving average is $19.92 and its 200-day moving average is $19.94. MaxLinear, Inc. has a 12 month low of $13.43 and a 12 month high of $35.09. The stock has a market cap of $1.69 billion, a P/E ratio of -10.89 and a beta of 1.98. The company has a quick ratio of 1.75, a current ratio of 1.99 and a debt-to-equity ratio of 0.19.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.02. The business had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.99 million. MaxLinear had a negative return on equity of 4.75% and a negative net margin of 28.70%. As a group, equities research analysts anticipate that MaxLinear, Inc. will post -0.8 EPS for the current year.

About MaxLinear

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.