Louisiana State Employees Retirement System Makes New Investment in MaxLinear, Inc. (NYSE:MXL)

Louisiana State Employees Retirement System bought a new position in shares of MaxLinear, Inc. (NYSE:MXL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 37,100 shares of the semiconductor company’s stock, valued at approximately $882,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of MaxLinear by 712.8% in the third quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 2,010 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of MaxLinear by 27.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 862 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings 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. Allspring Global Investments Holdings LLC lifted its holdings in shares of MaxLinear by 39.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,320 shares of the semiconductor company’s stock valued at $185,000 after purchasing an additional 2,355 shares in the last quarter. Finally, Truvestments Capital LLC lifted its holdings in shares of MaxLinear by 32.0% in the third quarter. Truvestments Capital LLC now owns 8,429 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 2,042 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors.

MaxLinear Price Performance

Shares of NYSE MXL opened at $20.68 on Friday. The business’s 50 day moving average price is $19.89 and its two-hundred day moving average price is $19.95. The company has a market cap of $1.69 billion, a PE ratio of -23.24 and a beta of 1.98. The company has a quick ratio of 1.75, a current ratio of 2.20 and a debt-to-equity ratio of 0.18. MaxLinear, Inc. has a twelve month low of $13.43 and a twelve month high of $35.09.

MaxLinear (NYSE:MXL) last announced its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($0.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.02. The firm had revenue of $95.27 million for the quarter, compared to the consensus estimate of $94.99 million. MaxLinear had a positive return on equity of 4.77% and a negative net margin of 10.55%. On average, analysts predict that MaxLinear, Inc. will post -0.8 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com lowered MaxLinear from a “hold” rating to a “sell” rating in a report on Thursday. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of MaxLinear in a report on Thursday. Wells Fargo & Company downgraded MaxLinear from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Northland Securities raised MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Thursday, April 4th. Finally, Benchmark reaffirmed a “buy” rating and issued a $28.00 target price on shares of MaxLinear in a research report on Thursday. One equities research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.09.

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.