Truvestments Capital LLC Makes New $42,000 Investment in MaxLinear, Inc. (NASDAQ:MXL)

Truvestments Capital LLC acquired a new position in shares of MaxLinear, Inc. (NASDAQ:MXL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,890 shares of the semiconductor company’s stock, valued at approximately $42,000.

A number of other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in MaxLinear by 18.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 915,415 shares of the semiconductor company’s stock worth $13,255,000 after buying an additional 145,695 shares during the last quarter. Intech Investment Management LLC purchased a new position in MaxLinear during the 3rd quarter worth $328,000. LMR Partners LLP purchased a new position in shares of MaxLinear in the 3rd quarter valued at about $548,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of MaxLinear in the 3rd quarter valued at about $16,696,000. Finally, Natixis Advisors LLC purchased a new position in shares of MaxLinear in the 3rd quarter valued at about $3,294,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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

MaxLinear Price Performance

Shares of NASDAQ MXL opened at $14.55 on Thursday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -5.35 and a beta of 1.85. MaxLinear, Inc. has a 52 week low of $11.08 and a 52 week high of $26.59. The company’s 50-day moving average price is $14.44 and its 200 day moving average price is $16.16. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. The business had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.40 million. During the same period in the previous year, the company posted ($0.02) earnings per share. MaxLinear’s revenue was down 40.2% on a year-over-year basis. As a group, research analysts forecast that MaxLinear, Inc. will post -1.66 earnings per share 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.