MaxLinear, Inc. (NYSE:MXL) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of MaxLinear, Inc. (NYSE:MXLFree Report) by 95.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,061 shares of the semiconductor company’s stock after selling 2,073,281 shares during the quarter. Victory Capital Management Inc. owned 0.11% of MaxLinear worth $1,959,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Duality Advisers LP boosted its position in MaxLinear by 89.7% during the 3rd quarter. Duality Advisers LP now owns 68,920 shares of the semiconductor company’s stock worth $1,533,000 after acquiring an additional 32,587 shares during the period. Orion Portfolio Solutions LLC purchased a new stake in shares of MaxLinear during the 3rd quarter worth about $551,000. Kendall Capital Management raised its stake in shares of MaxLinear by 120.4% during the 3rd quarter. Kendall Capital Management now owns 26,845 shares of the semiconductor company’s stock worth $597,000 after purchasing an additional 14,665 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in shares of MaxLinear during the 3rd quarter worth about $238,000. Finally, Kornitzer Capital Management Inc. KS raised its stake in shares of MaxLinear by 182.2% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 346,358 shares of the semiconductor company’s stock worth $7,706,000 after purchasing an additional 223,628 shares in the last quarter. 87.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MXL. Wells Fargo & Company downgraded MaxLinear from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $35.00 to $25.00 in a research note on Wednesday, January 3rd. Needham & Company LLC cut their price objective on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft downgraded MaxLinear from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a research note on Thursday, October 19th. Roth Mkm downgraded MaxLinear from a “buy” rating to a “neutral” rating and cut their price objective for the company from $35.00 to $18.00 in a research note on Thursday, October 26th. Finally, Benchmark cut their price objective on MaxLinear from $35.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.18.

Read Our Latest Stock Report on MXL

MaxLinear Price Performance

Shares of NYSE:MXL opened at $19.04 on Friday. MaxLinear, Inc. has a 1-year low of $13.43 and a 1-year high of $38.26. The firm has a market capitalization of $1.55 billion, a PE ratio of -21.39 and a beta of 2.06. The business’s 50 day moving average is $21.37 and its 200-day moving average is $21.06. The company has a current ratio of 2.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18.

MaxLinear Profile

(Free Report)

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.

Featured Stories

Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

Receive News & Ratings for MaxLinear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MaxLinear and related companies with MarketBeat.com's FREE daily email newsletter.