MaxLinear, Inc. (MXL) Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its stake in MaxLinear, Inc. (NYSE:MXL) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the semiconductor company’s stock after purchasing an additional 7,800 shares during the period. Kornitzer Capital Management Inc. KS owned 0.09% of MaxLinear worth $1,585,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its stake in shares of 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 buying an additional 460 shares during the last quarter. D.A. Davidson & CO. lifted its stake in 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 purchasing an additional 45 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in MaxLinear in the 2nd quarter valued at about $208,000. LS Investment Advisors LLC lifted its stake in MaxLinear by 59.4% in the 3rd quarter. LS Investment Advisors LLC now owns 7,638 shares of the semiconductor company’s stock valued at $181,000 after purchasing an additional 2,846 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in MaxLinear in the 2nd quarter valued at about $231,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

In other news, VP Brendan Walsh sold 25,018 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $28.00, for a total transaction of $700,504.00. Following the completion of the sale, the vice president now directly owns 155,441 shares of the company’s stock, valued at $4,352,348. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 11.92% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research cut shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. Roth Capital reaffirmed a “buy” rating and set a $33.00 target price on shares of MaxLinear in a report on Friday, December 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $32.00 target price on shares of MaxLinear in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. MaxLinear presently has an average rating of “Buy” and a consensus target price of $31.60.

MaxLinear, Inc. (NYSE:MXL) traded up $0.17 on Tuesday, reaching $25.41. 121,641 shares of the company’s stock traded hands, compared to its average volume of 569,087. MaxLinear, Inc. has a 12-month low of $20.38 and a 12-month high of $32.47. The company has a current ratio of 2.23, a quick ratio of 1.58 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $1,646.50, a P/E ratio of 97.89 and a beta of 0.41.

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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.

Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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