American Trust Sells 1,261 Shares of MaxLinear, Inc. (NYSE:MXL)

American Trust cut its holdings in MaxLinear, Inc. (NYSE:MXLGet Rating) by 22.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,403 shares of the semiconductor company’s stock after selling 1,261 shares during the quarter. American Trust’s holdings in MaxLinear were worth $257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisory LLC bought a new position in MaxLinear in the 4th quarter valued at approximately $44,000. Archer Investment Corp bought a new position in shares of MaxLinear during the 1st quarter valued at $50,000. Meeder Asset Management Inc. bought a new position in shares of MaxLinear during the 1st quarter valued at $61,000. Exchange Traded Concepts LLC lifted its holdings in shares of MaxLinear by 12.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,529 shares of the semiconductor company’s stock valued at $148,000 after buying an additional 270 shares during the period. Finally, Okabena Investment Services Inc. bought a new position in shares of MaxLinear during the 4th quarter valued at $163,000. 90.26% of the stock is owned by institutional investors.

MaxLinear Trading Up 0.0 %

Shares of MXL stock opened at $34.53 on Monday. MaxLinear, Inc. has a 52-week low of $30.17 and a 52-week high of $77.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.70. The firm has a market capitalization of $2.70 billion, a PE ratio of 26.77, a PEG ratio of 0.52 and a beta of 1.99. The stock has a fifty day simple moving average of $38.07 and a two-hundred day simple moving average of $42.53.

MaxLinear (NYSE:MXLGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The semiconductor company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.09. MaxLinear had a return on equity of 46.90% and a net margin of 10.08%. The business had revenue of $280.01 million during the quarter, compared to analyst estimates of $279.76 million. During the same quarter in the prior year, the business posted $0.35 EPS. MaxLinear’s revenue for the quarter was up 36.3% compared to the same quarter last year. On average, analysts predict that MaxLinear, Inc. will post 3.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Susquehanna Bancshares lowered their price target on MaxLinear from $60.00 to $55.00 in a report on Thursday, July 28th. Susquehanna lowered their price target on MaxLinear from $60.00 to $55.00 in a report on Thursday, July 28th. Wells Fargo & Company reduced their price objective on MaxLinear from $66.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, July 11th. Northland Securities reduced their price objective on MaxLinear from $50.00 to $45.00 in a research note on Thursday, July 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on MaxLinear from $45.00 to $50.00 in a research note on Thursday, July 28th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MaxLinear has an average rating of “Buy” and a consensus target price of $63.33.

MaxLinear Company Profile

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MaxLinear, Inc provides radiofrequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. Its products integrate various portions of a high-speed communication system, including RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression, networking layers, and power management.

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Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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