Macquarie Group Ltd. Has $86.42 Million Holdings in MaxLinear, Inc. (MXL)

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Macquarie Group Ltd. boosted its stake in MaxLinear, Inc. (NYSE:MXL) by 13.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,346,965 shares of the semiconductor company’s stock after buying an additional 512,286 shares during the period. Macquarie Group Ltd. owned 0.06% of MaxLinear worth $86,418,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MXL. BlackRock Inc. boosted its stake in MaxLinear by 3.9% during the third quarter. BlackRock Inc. now owns 8,991,543 shares of the semiconductor company’s stock valued at $178,751,000 after buying an additional 340,220 shares in the last quarter. Primecap Management Co. CA lifted its stake in MaxLinear by 62.5% in the 3rd quarter. Primecap Management Co. CA now owns 4,472,712 shares of the semiconductor company’s stock worth $88,918,000 after acquiring an additional 1,719,850 shares in the last quarter. FMR LLC raised its stake in shares of MaxLinear by 15.7% during the 2nd quarter. FMR LLC now owns 4,205,480 shares of the semiconductor company’s stock worth $65,563,000 after purchasing an additional 570,185 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of MaxLinear by 13.0% during the 3rd quarter. William Blair Investment Management LLC now owns 3,446,873 shares of the semiconductor company’s stock worth $68,524,000 after purchasing an additional 395,703 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of MaxLinear by 3,113.1% during the 3rd quarter. Alliancebernstein L.P. now owns 3,147,190 shares of the semiconductor company’s stock worth $62,566,000 after purchasing an additional 3,049,241 shares in the last quarter. 94.87% of the stock is owned by institutional investors.

MXL has been the topic of a number of research analyst reports. Zacks Investment Research lowered MaxLinear from a “hold” rating to a “sell” rating in a report on Saturday, November 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of MaxLinear in a research report on Wednesday, November 14th. UBS Group downgraded MaxLinear from a “positive” rating to a “neutral” rating in a research report on Thursday, October 25th. Finally, Susquehanna Bancshares cut MaxLinear from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $21.00 to $18.00 in a research note on Thursday, October 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $22.60.

In other news, VP William Torgerson sold 12,500 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $19.61, for a total transaction of $245,125.00. Following the transaction, the vice president now owns 104,761 shares in the company, valued at $2,054,363.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Michael J. Lachance sold 50,000 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $20.75, for a total value of $1,037,500.00. Following the transaction, the vice president now owns 131,232 shares in the company, valued at approximately $2,723,064. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,000 shares of company stock worth $1,292,410. 11.47% of the stock is owned by corporate insiders.

Shares of NYSE MXL opened at $18.16 on Wednesday. The company has a market cap of $1.24 billion, a PE ratio of 15.39, a PEG ratio of 1.33 and a beta of 0.90. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.99 and a current ratio of 2.62. MaxLinear, Inc. has a 1-year low of $14.87 and a 1-year high of $28.06.

MaxLinear (NYSE:MXL) last announced its earnings results on Tuesday, October 30th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The company had revenue of $85.00 million for the quarter, compared to analyst estimates of $85.01 million. MaxLinear had a positive return on equity of 15.35% and a negative net margin of 11.18%. The firm’s quarterly revenue was down 25.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. Equities research analysts predict that MaxLinear, Inc. will post 0.67 earnings per share for the current year.

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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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Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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