New England Research & Management Inc. grew its holdings in shares of MaxLinear, Inc. (NYSE:MXL) by 124.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 62,050 shares of the semiconductor company’s stock after acquiring an additional 34,400 shares during the quarter. MaxLinear comprises approximately 1.1% of New England Research & Management Inc.’s holdings, making the stock its 28th largest position. New England Research & Management Inc. owned approximately 0.09% of MaxLinear worth $1,474,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC acquired a new position in MaxLinear during the 2nd quarter worth $134,000. D.A. Davidson & CO. boosted its position in MaxLinear by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 45 shares during the period. Ameritas Investment Partners Inc. boosted its position in MaxLinear by 9.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 460 shares during the period. Envestnet Asset Management Inc. boosted its position in MaxLinear by 10.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,404 shares of the semiconductor company’s stock worth $179,000 after acquiring an additional 624 shares during the period. Finally, Pinebridge Investments L.P. acquired a new position in MaxLinear during the 2nd quarter worth $192,000. Institutional investors own 84.98% of the company’s stock.
MaxLinear, Inc. (NYSE MXL) traded down $0.08 on Friday, hitting $25.96. The stock had a trading volume of 696,500 shares, compared to its average volume of 792,198. MaxLinear, Inc. has a 12 month low of $19.22 and a 12 month high of $32.47. The company has a quick ratio of 1.64, a current ratio of 2.23 and a debt-to-equity ratio of 0.93. The company has a market cap of $1,732.81, a P/E ratio of 22.45, a PEG ratio of 1.33 and a beta of 0.47.
MaxLinear (NYSE:MXL) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The company had revenue of $113.58 million for the quarter, compared to analyst estimates of $115.77 million. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. MaxLinear’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. research analysts expect that MaxLinear, Inc. will post 0.98 earnings per share for the current fiscal year.
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MXL has been the subject of a number of analyst reports. Deutsche Bank AG reduced their price target on MaxLinear from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Roth Capital reduced their price target on MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Stifel Nicolaus dropped their price objective on MaxLinear from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Needham & Company LLC dropped their price objective on MaxLinear from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, July 17th. Finally, TheStreet downgraded MaxLinear from a “b” rating to a “c+” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. MaxLinear presently has an average rating of “Buy” and a consensus price target of $30.42.
MaxLinear Company Profile
MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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