WINTON GROUP Ltd Purchases New Shares in MaxLinear, Inc $MXL

WINTON GROUP Ltd purchased a new stake in shares of MaxLinear, Inc (NASDAQ:MXL) during the 4th quarter, HoldingsChannel reports. The firm purchased 213,149 shares of the semiconductor company’s stock, valued at approximately $3,715,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in MaxLinear by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock valued at $232,279,000 after buying an additional 605,903 shares during the period. The Manufacturers Life Insurance Company grew its position in MaxLinear by 27.8% during the second quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock valued at $41,054,000 after buying an additional 628,719 shares during the period. Geode Capital Management LLC grew its position in MaxLinear by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 2,038,144 shares of the semiconductor company’s stock valued at $35,531,000 after buying an additional 28,548 shares during the period. Marshall Wace LLP grew its position in MaxLinear by 31.8% during the third quarter. Marshall Wace LLP now owns 1,826,259 shares of the semiconductor company’s stock valued at $29,366,000 after buying an additional 441,088 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in MaxLinear by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,570,582 shares of the semiconductor company’s stock valued at $25,253,000 after buying an additional 36,099 shares during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on MXL shares. Northland Securities set a $110.00 price target on shares of MaxLinear in a research report on Wednesday. Roth Mkm upgraded shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Friday, April 24th. Needham & Company LLC upgraded shares of MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Friday, April 24th. Stifel Nicolaus restated a “buy” rating and set a $105.00 price target (up from $49.00) on shares of MaxLinear in a research report on Wednesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.00.

Insider Activity at MaxLinear

In related news, insider Connie H. Kwong sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $96.96, for a total transaction of $3,393,600.00. Following the completion of the sale, the insider directly owned 13,947 shares in the company, valued at approximately $1,352,301.12. The trade was a 71.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas E. Pardun sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total value of $1,155,000.00. Following the sale, the director owned 55,252 shares of the company’s stock, valued at $5,801,460. The trade was a 16.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 65,168 shares of company stock valued at $5,559,359 over the last quarter. 7.70% of the stock is owned by company insiders.

MaxLinear Price Performance

Shares of NASDAQ MXL opened at $80.92 on Monday. The company’s 50-day simple moving average is $59.66 and its 200-day simple moving average is $32.45. MaxLinear, Inc has a 52-week low of $11.63 and a 52-week high of $106.28. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of -53.24 and a beta of 3.98. The company has a quick ratio of 1.12, a current ratio of 1.70 and a debt-to-equity ratio of 0.27.

MaxLinear (NASDAQ:MXL) last announced its earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. MaxLinear had a negative net margin of 25.96% and a negative return on equity of 2.33%. The business had revenue of $137.19 million for the quarter, compared to analyst estimates of $137.15 million. During the same quarter last year, the business earned ($0.05) earnings per share. The company’s revenue for the quarter was up 43.0% compared to the same quarter last year. Equities analysts predict that MaxLinear, Inc will post 0.52 EPS for the current fiscal year.

MaxLinear Profile

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.