MaxLinear, Inc. (NYSE:MXL) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in MaxLinear, Inc. (NYSE:MXL – Get Rating) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,476,576 shares of the semiconductor company’s stock after selling 5,997 shares during the quarter. Dimensional Fund Advisors LP’s holdings in MaxLinear were worth $48,168,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. PDT Partners LLC boosted its holdings in MaxLinear by 177.5% in the second quarter. PDT Partners LLC now owns 22,998 shares of the semiconductor company’s stock valued at $781,000 after purchasing an additional 14,710 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its stake in MaxLinear by 13.0% in the third quarter. Paradigm Capital Management Inc. NY now owns 1,222,200 shares of the semiconductor company’s stock valued at $39,868,000 after buying an additional 140,300 shares during the last quarter. EFG Asset Management North America Corp. purchased a new stake in MaxLinear in the third quarter valued at approximately $605,000. Comerica Bank lifted its stake in MaxLinear by 1.1% in the third quarter. Comerica Bank now owns 244,993 shares of the semiconductor company’s stock valued at $7,796,000 after buying an additional 2,580 shares during the last quarter. Finally, AlphaCrest Capital Management LLC lifted its stake in MaxLinear by 416.0% in the second quarter. AlphaCrest Capital Management LLC now owns 112,958 shares of the semiconductor company’s stock valued at $3,838,000 after buying an additional 91,065 shares during the last quarter. 90.26% of the stock is owned by institutional investors and hedge funds.

MaxLinear Price Performance

MaxLinear stock opened at $34.49 on Tuesday. The business has a 50 day simple moving average of $36.62 and a 200-day simple moving average of $35.52. MaxLinear, Inc. has a 12 month low of $29.27 and a 12 month high of $63.89. The stock has a market capitalization of $2.72 billion, a PE ratio of 22.25 and a beta of 1.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.65 and a quick ratio of 1.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MXL shares. Benchmark reduced their price objective on MaxLinear from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. Needham & Company LLC cut their price target on MaxLinear from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, February 2nd. Finally, Susquehanna upped their price target on MaxLinear from $46.00 to $48.00 and gave the stock a “positive” rating in a research note on Thursday, February 2nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MaxLinear currently has an average rating of “Buy” and an average target price of $48.25.

Insider Buying and Selling

In related news, insider James Lougheed sold 115,944 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $40.74, for a total transaction of $4,723,558.56. Following the transaction, the insider now owns 3,921 shares of the company’s stock, valued at $159,741.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider James Lougheed sold 115,944 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $40.74, for a total transaction of $4,723,558.56. Following the transaction, the insider now owns 3,921 shares of the company’s stock, valued at $159,741.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael Bollesen sold 5,757 shares of the company’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $38.93, for a total value of $224,120.01. Following the transaction, the vice president now directly owns 81,474 shares in the company, valued at approximately $3,171,782.82. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.

MaxLinear Profile

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MaxLinear, Inc engages in the provision of communications systems-on-chip, or SoC, solutions used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. Its products include cable broadband modems and gateways, wireline connectivity devices, radio frequency transceivers, fiber-optic modules, video set-top boxes and gateways, hybrid analog and digital televisions, direct broadcast satellite outdoor and indoor units, and power management and interface products.