Xact Kapitalforvaltning AB acquired a new position in MaxLinear (NYSE:MXL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,581 shares of the semiconductor company’s stock, valued at approximately $200,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. William Blair Investment Management LLC increased its holdings in MaxLinear by 3.8% in the 4th quarter. William Blair Investment Management LLC now owns 4,802,122 shares of the semiconductor company’s stock worth $126,872,000 after acquiring an additional 175,864 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in MaxLinear in the 4th quarter worth about $705,000. Macquarie Group Ltd. increased its holdings in MaxLinear by 4.8% in the 4th quarter. Macquarie Group Ltd. now owns 3,380,029 shares of the semiconductor company’s stock worth $89,300,000 after acquiring an additional 154,980 shares during the last quarter. Meadow Creek Investment Management LLC purchased a new stake in MaxLinear in the 4th quarter worth about $216,000. Finally, TIAA CREF Investment Management LLC increased its holdings in MaxLinear by 12.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 179,028 shares of the semiconductor company’s stock worth $4,730,000 after acquiring an additional 19,168 shares during the last quarter. 89.74% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the company. Roth Capital reaffirmed a “buy” rating and set a $33.00 target price on shares of MaxLinear in a report on Friday, December 29th. Needham & Company LLC reduced their target price on MaxLinear from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. Finally, Zacks Investment Research lowered MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.20.
MaxLinear (NYSE:MXL) last posted its earnings results on Tuesday, February 13th. The semiconductor company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The business had revenue of $113.72 million during the quarter, compared to analyst estimates of $114.01 million. MaxLinear had a positive return on equity of 20.70% and a negative net margin of 2.19%. sell-side analysts expect that MaxLinear will post 1.26 EPS for the current fiscal year.
In other news, insider Curtis Ling sold 22,321 shares of MaxLinear stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $22.90, for a total transaction of $511,150.90. Following the completion of the sale, the insider now owns 912,117 shares in the company, valued at approximately $20,887,479.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michael J. Lachance sold 25,000 shares of MaxLinear stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $23.63, for a total value of $590,750.00. Following the sale, the vice president now owns 71,757 shares of the company’s stock, valued at approximately $1,695,617.91. The disclosure for this sale can be found here. Insiders have sold a total of 72,321 shares of company stock valued at $1,678,901 in the last ninety days. Insiders own 11.92% of the company’s stock.
MaxLinear Company Profile
MaxLinear, Inc provides radio-frequency (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. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.
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