Duality Advisers LP Raises Stock Holdings in MaxLinear, Inc. (NYSE:MXL)

Duality Advisers LP lifted its holdings in shares of MaxLinear, Inc. (NYSE:MXL) by 9.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,356 shares of the semiconductor company’s stock after acquiring an additional 5,727 shares during the quarter. Duality Advisers LP’s holdings in MaxLinear were worth $1,239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Nisa Investment Advisors LLC grew its position in shares of MaxLinear by 8.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock valued at $150,000 after purchasing an additional 490 shares in the last quarter. New York State Common Retirement Fund lifted its stake in MaxLinear by 2.8% during the fourth quarter. New York State Common Retirement Fund now owns 31,045 shares of the semiconductor company’s stock worth $738,000 after purchasing an additional 840 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of MaxLinear by 2.2% in the first quarter. Texas Permanent School Fund Corp now owns 65,248 shares of the semiconductor company’s stock worth $1,218,000 after buying an additional 1,375 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of MaxLinear by 2.4% in the fourth quarter. Panagora Asset Management Inc. now owns 64,280 shares of the semiconductor company’s stock worth $1,528,000 after buying an additional 1,517 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of MaxLinear by 289.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company’s stock worth $97,000 after purchasing an additional 3,020 shares in the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MXL. Benchmark reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MaxLinear in a research report on Tuesday. Northland Securities raised MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Thursday, April 4th. StockNews.com cut MaxLinear from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of MaxLinear in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $25.70.

MaxLinear Price Performance

MXL stock traded up $0.54 during trading on Friday, reaching $22.79. The company’s stock had a trading volume of 288,435 shares, compared to its average volume of 711,842. MaxLinear, Inc. has a 1 year low of $13.43 and a 1 year high of $35.09. The company has a current ratio of 1.99, a quick ratio of 1.56 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average is $19.34 and its 200-day moving average is $20.11.

MaxLinear (NYSE:MXL) last released its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.02. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.75%. The business had revenue of $95.27 million during the quarter, compared to the consensus estimate of $94.99 million. Analysts predict that MaxLinear, Inc. will post -1.25 EPS for the current 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.