BlackRock Inc. increased its holdings in shares of MaxLinear, Inc (NYSE:MXL) by 94.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,503,231 shares of the semiconductor company’s stock after acquiring an additional 3,160,655 shares during the period. BlackRock Inc. owned about 9.93% of MaxLinear worth $181,375,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MXL. Ranger Investment Management L.P. acquired a new stake in shares of MaxLinear during the 1st quarter valued at about $22,169,000. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of MaxLinear during the 2nd quarter valued at about $13,721,000. Principal Financial Group Inc. boosted its position in shares of MaxLinear by 3,353.7% during the 2nd quarter. Principal Financial Group Inc. now owns 447,111 shares of the semiconductor company’s stock valued at $12,470,000 after acquiring an additional 434,165 shares in the last quarter. Whale Rock Capital Management LLC boosted its position in shares of MaxLinear by 54.6% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,224,602 shares of the semiconductor company’s stock valued at $34,350,000 after acquiring an additional 432,292 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of MaxLinear by 45.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,339,398 shares of the semiconductor company’s stock valued at $37,355,000 after acquiring an additional 419,925 shares in the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.

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MXL has been the topic of several recent research reports. Deutsche Bank AG decreased their target price on shares of MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Roth Capital decreased their target price on shares of MaxLinear from $38.00 to $33.50 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Stifel Nicolaus decreased 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 decreased 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 lowered shares of MaxLinear from a “b” rating to a “c+” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. MaxLinear has an average rating of “Buy” and a consensus price target of $30.42.

Shares of MaxLinear, Inc (NYSE:MXL) opened at 23.61 on Wednesday. MaxLinear, Inc has a 12 month low of $18.26 and a 12 month high of $32.47. The stock’s 50 day moving average is $22.56 and its 200 day moving average is $26.47. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 25.95 and a beta of 0.58.

MaxLinear (NYSE:MXL) last announced its quarterly earnings data 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 firm had revenue of $104.18 million for the quarter, compared to the consensus estimate of $107.77 million. MaxLinear had a net margin of 9.95% and a return on equity of 22.29%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. Equities research analysts forecast that MaxLinear, Inc will post $1.39 earnings per share for the current fiscal year.

MaxLinear 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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Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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