MaxLinear, Inc. (NYSE:MXL) Stock Position Lessened by US Bancorp DE

US Bancorp DE decreased its holdings in MaxLinear, Inc. (NYSE:MXLGet Rating) by 9.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 20,934 shares of the semiconductor company’s stock after selling 2,144 shares during the quarter. US Bancorp DE’s holdings in MaxLinear were worth $683,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of MXL. FinTrust Capital Advisors LLC bought a new position in MaxLinear during the second quarter valued at about $27,000. Quantbot Technologies LP acquired a new position in shares of MaxLinear during the 2nd quarter valued at about $90,000. Exchange Traded Concepts LLC increased its holdings in shares of MaxLinear by 17.7% during the 2nd quarter. Exchange Traded Concepts LLC now owns 2,976 shares of the semiconductor company’s stock valued at $101,000 after acquiring an additional 447 shares during the last quarter. Money Concepts Capital Corp grew its holdings in MaxLinear by 14.7% in the 2nd quarter. Money Concepts Capital Corp now owns 4,272 shares of the semiconductor company’s stock valued at $135,000 after buying an additional 549 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in MaxLinear in the 2nd quarter valued at approximately $144,000. Institutional investors own 90.26% of the company’s stock.

MaxLinear Price Performance

MaxLinear stock opened at $36.97 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.60 and a quick ratio of 1.13. The company has a market capitalization of $2.90 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 0.81 and a beta of 1.85. MaxLinear, Inc. has a one year low of $29.27 and a one year high of $65.49. The business has a 50 day simple moving average of $35.24 and a 200 day simple moving average of $35.47.

MaxLinear (NYSE:MXLGet Rating) last posted its earnings results on Tuesday, October 25th. The semiconductor company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. The business had revenue of $285.73 million during the quarter, compared to the consensus estimate of $285.03 million. MaxLinear had a return on equity of 47.44% and a net margin of 11.34%. On average, sell-side analysts forecast that MaxLinear, Inc. will post 3.06 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Michael Bollesen sold 5,757 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $38.93, for a total transaction of $224,120.01. Following the completion of the transaction, the vice president now owns 81,474 shares in the company, valued at approximately $3,171,782.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Benchmark lowered their target price on MaxLinear from $62.00 to $50.00 in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft lowered their target price on MaxLinear from $50.00 to $48.00 in a report on Wednesday, October 26th. StockNews.com began coverage on MaxLinear in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Needham & Company LLC reduced their price objective on MaxLinear from $53.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Finally, Susquehanna reduced their price objective on MaxLinear from $45.00 to $42.00 in a research report on Wednesday, October 26th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, MaxLinear has an average rating of “Buy” and an average price target of $48.13.

MaxLinear 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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