Los Angeles Capital Management & Equity Research Inc. acquired a new position in MaxLinear, Inc (NYSE:MXL) during the third quarter, according to its most recent filing with the SEC. The firm acquired 9,625 shares of the semiconductor company’s stock, valued at approximately $229,000.

Several other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC bought a new stake in shares of MaxLinear during the second quarter valued at approximately $134,000. Louisiana State Employees Retirement System bought a new stake in shares of MaxLinear during the second quarter valued at approximately $594,000. Aperio Group LLC boosted its position in shares of MaxLinear by 446.1% during the second quarter. Aperio Group LLC now owns 42,154 shares of the semiconductor company’s stock valued at $1,176,000 after purchasing an additional 34,435 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of MaxLinear by 58.5% during the second quarter. Russell Investments Group Ltd. now owns 49,459 shares of the semiconductor company’s stock valued at $1,379,000 after purchasing an additional 18,246 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of MaxLinear during the second quarter valued at approximately $344,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

In other MaxLinear news, insider Daniel Omeniuk sold 760,000 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $0.15, for a total value of $114,000.00. Insiders own 11.92% of the company’s stock.

MaxLinear, Inc (MXL) traded down $0.49 during trading on Tuesday, reaching $25.37. The company’s stock had a trading volume of 307,200 shares, compared to its average volume of 767,134. The company has a quick ratio of 1.58, a current ratio of 2.23 and a debt-to-equity ratio of 0.93. MaxLinear, Inc has a twelve month low of $19.51 and a twelve month high of $32.47. The company has a market capitalization of $1,731.53, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.47.

MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.06. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. The business had revenue of $113.58 million for the quarter, compared to the consensus estimate of $115.77 million. During the same period in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. equities analysts expect that MaxLinear, Inc will post 1.05 EPS for the current fiscal year.

Several equities research analysts recently weighed in on MXL shares. Zacks Investment Research lowered MaxLinear from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Stifel Nicolaus dropped their price target on MaxLinear from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Roth Capital dropped their target price on MaxLinear from $38.00 to $33.50 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Deutsche Bank dropped their target price on MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Finally, TheStreet downgraded MaxLinear from a “b” rating to a “c+” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $30.36.

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About MaxLinear

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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