Crossmark Global Holdings Inc. acquired a new position in MaxLinear, Inc (NYSE:MXL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,370 shares of the semiconductor company’s stock, valued at approximately $436,000.
Several other hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. grew its stake in shares of MaxLinear by 0.9% in the 2nd quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 45 shares during the period. Alps Advisors Inc. boosted its stake in MaxLinear by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 18,262 shares of the semiconductor company’s stock valued at $509,000 after purchasing an additional 47 shares during the last quarter. ProVise Management Group LLC boosted its stake in MaxLinear by 0.5% during the 2nd quarter. ProVise Management Group LLC now owns 18,933 shares of the semiconductor company’s stock valued at $528,000 after purchasing an additional 96 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its stake in MaxLinear by 4.8% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 8,865 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 406 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in MaxLinear by 9.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 460 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.
Shares of MaxLinear, Inc (NYSE:MXL) traded down $0.20 during midday trading on Thursday, hitting $24.97. The stock had a trading volume of 336,384 shares, compared to its average volume of 762,279. MaxLinear, Inc has a 12-month low of $20.38 and a 12-month high of $32.47. The stock has a market cap of $1,694.71, a P/E ratio of 21.82, a PEG ratio of 1.16 and a beta of 0.47. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.23 and a quick ratio of 1.58.
MaxLinear (NYSE:MXL) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The firm had revenue of $113.58 million for the quarter, compared to the consensus estimate of $115.77 million. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. research analysts expect that MaxLinear, Inc will post 1.09 earnings per share for the current fiscal year.
A number of research firms have issued reports on MXL. BidaskClub downgraded MaxLinear from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded MaxLinear from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Stifel Nicolaus cut their price target on MaxLinear from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Roth Capital cut their price target on MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Finally, TheStreet downgraded MaxLinear from a “b” rating to a “c+” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $30.36.
In related news, insider Daniel Omeniuk sold 2,000,000 shares of MaxLinear stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $0.16, for a total value of $320,000.00. Insiders own 11.92% of the company’s stock.
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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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