Rhumbline Advisers grew its position in MaxLinear (NYSE:MXL) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,465 shares of the semiconductor company’s stock after acquiring an additional 19,792 shares during the quarter. Rhumbline Advisers owned about 0.21% of MaxLinear worth $3,658,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System grew its holdings in MaxLinear by 225.4% during the 4th quarter. Arizona State Retirement System now owns 102,413 shares of the semiconductor company’s stock worth $2,706,000 after acquiring an additional 70,943 shares in the last quarter. Pinebridge Investments L.P. lifted its position in shares of MaxLinear by 204.4% during the fourth quarter. Pinebridge Investments L.P. now owns 22,875 shares of the semiconductor company’s stock valued at $604,000 after buying an additional 15,360 shares during the last quarter. Swiss National Bank lifted its position in shares of MaxLinear by 3.6% during the fourth quarter. Swiss National Bank now owns 113,373 shares of the semiconductor company’s stock valued at $2,995,000 after buying an additional 3,900 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of MaxLinear during the fourth quarter valued at about $599,000. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of MaxLinear by 31.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 527,446 shares of the semiconductor company’s stock valued at $13,935,000 after buying an additional 127,446 shares during the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.
Shares of MXL opened at $22.38 on Friday. MaxLinear 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. The firm has a market cap of $1,538.27, a price-to-earnings ratio of 18.97 and a beta of 0.54.
MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $113.72 million for the quarter, compared to analyst estimates of $114.01 million. MaxLinear had a positive return on equity of 20.70% and a negative net margin of 2.19%. analysts forecast that MaxLinear will post 1.26 earnings per share for the current fiscal year.
Several brokerages recently commented on MXL. Zacks Investment Research lowered shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Needham & Company LLC dropped their price objective on shares of 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 reaffirmed a “buy” rating and set a $33.00 price objective 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 assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.20.
In related news, VP Brendan Walsh sold 25,018 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $28.00, for a total value of $700,504.00. Following the completion of the transaction, the vice president now directly owns 155,441 shares of the company’s stock, valued at $4,352,348. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis Ling sold 22,321 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $22.90, for a total value of $511,150.90. Following the completion of the transaction, the insider now directly owns 912,117 shares of the company’s stock, valued at $20,887,479.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,339 shares of company stock worth $2,379,405. 11.92% of the stock is owned by insiders.
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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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