12,287 Shares in MaxLinear, Inc. (NYSE:MXL) Acquired by Inceptionr LLC

Inceptionr LLC purchased a new stake in MaxLinear, Inc. (NYSE:MXL) 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) 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 Profile

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.