Goldman Sachs Group Inc. cut its holdings in MaxLinear (NYSE:MXL) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,526 shares of the semiconductor company’s stock after selling 4,709 shares during the period. Goldman Sachs Group Inc.’s holdings in MaxLinear were worth $4,637,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. UBS Asset Management Americas Inc. increased its position in shares of MaxLinear by 1,203.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 538,133 shares of the semiconductor company’s stock worth $14,217,000 after purchasing an additional 496,860 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of MaxLinear by 18.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,974,675 shares of the semiconductor company’s stock worth $52,171,000 after purchasing an additional 303,350 shares in the last quarter. BlackRock Inc. increased its position in shares of MaxLinear by 3.3% during the fourth quarter. BlackRock Inc. now owns 7,561,303 shares of the semiconductor company’s stock worth $199,772,000 after purchasing an additional 239,077 shares in the last quarter. Divisar Capital Management LLC acquired a new stake in shares of MaxLinear during the fourth quarter worth about $6,079,000. Finally, Stifel Financial Corp increased its position in shares of MaxLinear by 232.6% during the third quarter. Stifel Financial Corp now owns 314,315 shares of the semiconductor company’s stock worth $7,420,000 after purchasing an additional 219,799 shares in the last quarter. Institutional investors own 89.71% of the company’s stock.
A number of analysts have recently commented on MXL shares. Roth Capital reiterated a “buy” rating and set a $33.00 target price on shares of MaxLinear in a research report on Friday, December 29th. Zacks Investment Research cut MaxLinear from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Needham & Company LLC cut their target price on MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock 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 business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $28.00, for a total value of $700,504.00. Following the transaction, the vice president now owns 155,441 shares in the company, valued at approximately $4,352,348. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael J. Lachance sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $23.08, for a total value of $577,000.00. Following the completion of the transaction, the vice president now owns 70,582 shares in the company, valued at approximately $1,629,032.56. The disclosure for this sale can be found here. Insiders sold a total of 97,339 shares of company stock worth $2,379,405 in the last 90 days. 11.92% of the stock is currently owned by insiders.
Shares of MXL stock opened at $22.38 on Monday. The stock has a market capitalization of $1,508.61, a P/E ratio of 18.97 and a beta of 0.54. 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.
MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The firm 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%. equities research analysts forecast that MaxLinear will post 1.26 EPS 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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