UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $21.46 Million Holdings in MaxLinear, Inc $MXL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in MaxLinear, Inc (NASDAQ:MXL) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,630 shares of the semiconductor company’s stock after purchasing an additional 13,505 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of MaxLinear worth $21,462,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in MaxLinear by 16.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock worth $27,000 after buying an additional 217 shares during the period. GAMMA Investing LLC increased its stake in shares of MaxLinear by 5.6% in the second quarter. GAMMA Investing LLC now owns 6,152 shares of the semiconductor company’s stock valued at $788,000 after buying an additional 326 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in shares of MaxLinear in the second quarter valued at about $47,000. Global Retirement Partners LLC bought a new position in shares of MaxLinear during the second quarter worth about $56,000. Finally, Captrust Financial Advisors raised its position in shares of MaxLinear by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 14,074 shares of the semiconductor company’s stock worth $245,000 after acquiring an additional 577 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on MXL shares. Wells Fargo & Company upped their target price on MaxLinear from $42.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a report on Friday, July 17th. Benchmark began coverage on shares of MaxLinear in a research report on Wednesday, May 27th. They issued a “buy” rating and a $125.00 price target on the stock. Stifel Nicolaus upped their price objective on shares of MaxLinear from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Needham & Company LLC increased their price objective on shares of MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, MaxLinear currently has an average rating of “Hold” and an average price target of $85.00.

MaxLinear Trading Up 5.5%

NASDAQ MXL opened at $62.74 on Friday. The stock has a market capitalization of $5.69 billion, a P/E ratio of -52.72 and a beta of 3.93. The business has a 50 day simple moving average of $76.61 and a 200 day simple moving average of $60.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.78 and a quick ratio of 1.15. MaxLinear, Inc has a one year low of $12.77 and a one year high of $128.30.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $168.85 million for the quarter, compared to analyst estimates of $164.64 million. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The company’s revenue was up 55.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 earnings per share. Research analysts expect that MaxLinear, Inc will post 0.78 earnings per share for the current year.

Insider Buying and Selling at MaxLinear

In related news, CEO Kishore Seendripu sold 351,454 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $85.95, for a total transaction of $30,207,471.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 7.70% of the stock is owned by corporate insiders.

About MaxLinear

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.