Inceptionr LLC purchased a new stake in MaxLinear, Inc. (NYSE:MXL – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,287 shares of the semiconductor company’s stock, valued at approximately $433,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in MaxLinear by 2.8% in the 2nd quarter. Captrust Financial Advisors now owns 12,636 shares of the semiconductor company’s stock worth $429,000 after purchasing an additional 340 shares in the last quarter. Amalgamated Bank raised its position in shares of MaxLinear by 1.0% in the fourth quarter. Amalgamated Bank now owns 35,527 shares of the semiconductor company’s stock valued at $1,206,000 after buying an additional 358 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of MaxLinear by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 43,288 shares of the semiconductor company’s stock valued at $1,524,000 after buying an additional 423 shares during the period. Rockefeller Capital Management L.P. grew its position in MaxLinear by 13.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,798 shares of the semiconductor company’s stock worth $128,000 after buying an additional 436 shares in the last quarter. Finally, Raymond James & Associates grew its position in MaxLinear by 3.0% during the first quarter. Raymond James & Associates now owns 17,122 shares of the semiconductor company’s stock worth $603,000 after buying an additional 498 shares in the last quarter. 87.65% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
MXL has been the subject of a number of recent analyst reports. BNP Paribas upgraded MaxLinear from an “underperform” rating to a “neutral” rating and set a $30.00 target price for the company in a research report on Friday, May 19th. Loop Capital cut shares of MaxLinear from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $25.00 in a research report on Tuesday, August 1st. StockNews.com began coverage on shares of MaxLinear in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Wells Fargo & Company cut their price target on shares of MaxLinear from $50.00 to $45.00 in a report on Thursday, July 27th. Finally, Craig Hallum cut shares of MaxLinear from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, MaxLinear presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.30.
MaxLinear Stock Performance
NYSE MXL opened at $23.94 on Wednesday. The firm’s fifty day moving average price is $26.97 and its two-hundred day moving average price is $29.42. The stock has a market cap of $1.94 billion, a PE ratio of 10.47 and a beta of 1.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.77 and a current ratio of 2.29. MaxLinear, Inc. has a fifty-two week low of $21.65 and a fifty-two week high of $43.66.
MaxLinear (NYSE:MXL – Get Free Report) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.20. The business had revenue of $183.94 million for the quarter, compared to analyst estimates of $190.03 million. MaxLinear had a return on equity of 26.91% and a net margin of 6.41%. On average, equities analysts expect that MaxLinear, Inc. will post 0.29 EPS for the current fiscal year.
MaxLinear, Inc engages in the provision of communications systems-on-chip solutions 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 radiofrequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.
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