Laurion Capital Management LP Buys Shares of 12,061 MaxLinear, Inc (MXL)
Laurion Capital Management LP bought a new stake in shares of MaxLinear, Inc (NYSE:MXL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,061 shares of the semiconductor company’s stock, valued at approximately $336,000.
Other large investors have also made changes to their positions in the company. LS Investment Advisors LLC acquired a new stake in MaxLinear in the 2nd quarter valued at approximately $134,000. Ameritas Investment Partners Inc. bought a new position in MaxLinear in the 1st quarter worth approximately $135,000. Envestnet Asset Management Inc. increased its position in MaxLinear by 10.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,404 shares of the semiconductor company’s stock worth $179,000 after buying an additional 624 shares during the period. KCG Holdings Inc. bought a new position in MaxLinear in the 1st quarter worth approximately $212,000. Finally, Karp Capital Management Corp bought a new position in MaxLinear in the 1st quarter worth approximately $217,000. Hedge funds and other institutional investors own 85.52% of the company’s stock.
Shares of MaxLinear, Inc (NYSE MXL) opened at 23.75 on Monday. The firm has a 50 day moving average price of $22.40 and a 200-day moving average price of $26.80. The company has a market cap of $1.55 billion, a P/E ratio of 26.10 and a beta of 0.58. MaxLinear, Inc has a 12 month low of $18.26 and a 12 month high of $32.47.
MaxLinear (NYSE:MXL) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $104.18 million during the quarter, compared to analysts’ expectations of $107.77 million. MaxLinear had a net margin of 9.95% and a return on equity of 22.29%. MaxLinear’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 EPS. Analysts anticipate that MaxLinear, Inc will post $1.39 earnings per share for the current fiscal year.
MXL has been the subject of a number of research analyst reports. Deutsche Bank AG cut their price target on MaxLinear from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Roth Capital lowered their price objective on shares of MaxLinear from $38.00 to $33.50 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Stifel Nicolaus dropped their target price on shares of MaxLinear from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Needham & Company LLC dropped their target price on shares of MaxLinear from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, July 17th. Finally, TheStreet cut shares of MaxLinear from a “b” rating to a “c+” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $31.36.
MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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