QS Investors LLC Sells 1,842 Shares of MaxLinear, Inc (MXL)
QS Investors LLC decreased its position in MaxLinear, Inc (NYSE:MXL) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,001 shares of the semiconductor company’s stock after selling 1,842 shares during the period. QS Investors LLC owned 0.28% of MaxLinear worth $5,160,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. D.A. Davidson & CO. increased its position in MaxLinear by 0.9% in the second quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 45 shares during the period. Alps Advisors Inc. raised its holdings in MaxLinear by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 18,262 shares of the semiconductor company’s stock worth $509,000 after purchasing an additional 47 shares during the last quarter. ProVise Management Group LLC raised its holdings in MaxLinear by 0.5% during the 2nd quarter. ProVise Management Group LLC now owns 18,933 shares of the semiconductor company’s stock worth $528,000 after purchasing an additional 96 shares during the last quarter. Campbell Newman Asset Management Inc. lifted its position in MaxLinear by 4.8% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 8,865 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 406 shares during the period. Finally, Victory Capital Management Inc. lifted its position in MaxLinear by 1.2% during the 2nd quarter. Victory Capital Management Inc. now owns 50,232 shares of the semiconductor company’s stock valued at $1,401,000 after purchasing an additional 577 shares during the period. Institutional investors and hedge funds own 85.52% of the company’s stock.
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MaxLinear, Inc (NYSE:MXL) opened at 23.85 on Monday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 26.21 and a beta of 0.58. The stock’s 50 day moving average price is $22.40 and its 200 day moving average price is $26.80. MaxLinear, Inc has a 52-week low of $18.26 and a 52-week high of $32.47.
MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04. The business had revenue of $104.18 million during the quarter, compared to the consensus estimate of $107.77 million. MaxLinear had a return on equity of 22.29% and a net margin of 9.95%. MaxLinear’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. On average, equities analysts anticipate that MaxLinear, Inc will post $1.39 earnings per share for the current fiscal year.
MXL has been the topic of several recent research reports. Stifel Nicolaus raised their target price on shares of MaxLinear from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, July 4th. Zacks Investment Research downgraded shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub downgraded shares of MaxLinear from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. TheStreet lowered shares of MaxLinear from a “b” rating to a “c+” rating in a report on Thursday, August 10th. Finally, Deutsche Bank AG cut their price objective on shares of MaxLinear from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. MaxLinear currently has a consensus rating of “Buy” and an average target price of $31.36.
MaxLinear Company Profile
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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