Rhumbline Advisers grew its position in shares of MaxLinear, Inc. (NYSE:MXL) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,465 shares of the semiconductor company’s stock after acquiring an additional 19,792 shares during the quarter. Rhumbline Advisers owned 0.21% of MaxLinear worth $3,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of MXL. Cubist Systematic Strategies LLC purchased a new position in MaxLinear during the 3rd quarter worth $205,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in MaxLinear during the 3rd quarter worth $229,000. Stratos Wealth Partners LTD. purchased a new position in MaxLinear during the 3rd quarter worth $285,000. Campbell Newman Asset Management Inc. boosted its holdings in MaxLinear by 21.7% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 12,373 shares of the semiconductor company’s stock worth $327,000 after acquiring an additional 2,208 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in MaxLinear by 103.2% during the 3rd quarter. GSA Capital Partners LLP now owns 15,140 shares of the semiconductor company’s stock worth $360,000 after acquiring an additional 7,688 shares during the last quarter. 89.71% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Curtis Ling sold 22,321 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $22.90, for a total value of $511,150.90. Following the sale, the insider now directly owns 912,117 shares in the company, valued at approximately $20,887,479.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael J. Lachance sold 25,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $23.63, for a total value of $590,750.00. Following the completion of the sale, the vice president now owns 71,757 shares in the company, valued at $1,695,617.91. The disclosure for this sale can be found here. Insiders have sold a total of 97,339 shares of company stock worth $2,379,405 over the last quarter. Company insiders own 11.92% of the company’s stock.
A number of research firms have issued reports on MXL. Zacks Investment Research downgraded shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. Needham & Company LLC lowered their target price on MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. Finally, Roth Capital reiterated a “buy” rating and set a $33.00 target price on shares of MaxLinear in a research note on Friday, December 29th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.20.
Shares of MaxLinear, Inc. (MXL) opened at $25.00 on Thursday. The company has a market capitalization of $1,702.08, a price-to-earnings ratio of 21.77 and a beta of 0.54. MaxLinear, Inc. has a 52 week low of $20.38 and a 52 week high of $32.47. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.94 and a current ratio of 2.64.
MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, February 13th. The semiconductor company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. The company had revenue of $113.72 million for the quarter, compared to analysts’ expectations of $114.01 million. MaxLinear had a positive return on equity of 20.70% and a negative net margin of 2.19%. research analysts predict that MaxLinear, Inc. will post 1.26 earnings per share for the current fiscal year.
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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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