Deutsche Bank AG Purchases 230,089 Shares of MaxLinear, Inc. (NASDAQ:MXL)

Deutsche Bank AG boosted its position in shares of MaxLinear, Inc. (NASDAQ:MXL) by 105.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 447,573 shares of the semiconductor company’s stock after acquiring an additional 230,089 shares during the period. Deutsche Bank AG owned 0.53% of MaxLinear worth $8,853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in MaxLinear by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,968 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 443 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in MaxLinear by 1.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 60,406 shares of the semiconductor company’s stock valued at $1,195,000 after buying an additional 631 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in MaxLinear during the 4th quarter valued at approximately $34,000. PNC Financial Services Group Inc. grew its holdings in MaxLinear by 95.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 1,900 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in MaxLinear during the 4th quarter valued at approximately $45,000. Institutional investors own 90.79% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of MaxLinear from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Susquehanna cut their price objective on shares of MaxLinear from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Roth Capital set a $11.00 target price on shares of MaxLinear and gave the company a “neutral” rating in a report on Thursday, April 24th. Stifel Nicolaus cut their target price on shares of MaxLinear from $26.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Loop Capital cut their target price on shares of MaxLinear from $18.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, April 29th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $19.06.

MaxLinear Stock Down 2.0%

NASDAQ MXL opened at $12.43 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $11.20 and a two-hundred day moving average of $15.41. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -4.24 and a beta of 1.66. MaxLinear, Inc. has a 52 week low of $8.35 and a 52 week high of $26.59.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The company 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 quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.21) earnings per share. On average, analysts predict that MaxLinear, Inc. will post -0.37 earnings per share 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.