MaxLinear, Inc (MXL) Holdings Lifted by OxFORD Asset Management LLP
OxFORD Asset Management LLP lifted its holdings in shares of MaxLinear, Inc (NYSE:MXL) by 64.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,039 shares of the semiconductor company’s stock after purchasing an additional 43,636 shares during the quarter. OxFORD Asset Management LLP owned about 0.17% of MaxLinear worth $3,097,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MXL. D.A. Davidson & CO. grew its holdings in MaxLinear by 0.9% in the second quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 45 shares during the period. Alps Advisors Inc. increased its position in MaxLinear by 0.3% during the second 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 increased its position in MaxLinear by 0.5% during the second 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. increased its position in MaxLinear by 4.8% during the second quarter. Campbell Newman Asset Management Inc. now owns 8,865 shares of the semiconductor company’s stock worth $247,000 after purchasing an additional 406 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in MaxLinear by 1.2% during the second quarter. Victory Capital Management Inc. now owns 50,232 shares of the semiconductor company’s stock worth $1,401,000 after purchasing an additional 577 shares during the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.
A number of equities analysts have weighed in on the stock. Deutsche Bank AG cut their price target on shares of MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Roth Capital lowered their price objective on shares of MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Stifel Nicolaus lowered their price objective on shares of MaxLinear from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Needham & Company LLC dropped their price objective on MaxLinear from $34.00 to $32.00 and set a “buy” rating for the company in a report on Monday, July 17th. 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, one has given a hold rating and seven have issued a buy rating to the stock. MaxLinear has a consensus rating of “Buy” and an average price target of $31.36.
MaxLinear, Inc (NYSE:MXL) opened at 23.86 on Tuesday. The firm’s 50-day moving average is $22.18 and its 200-day moving average is $26.59. The firm has a market capitalization of $1.55 billion, a PE ratio of 26.22 and a beta of 0.58. MaxLinear, Inc has a 12 month low of $18.26 and a 12 month high of $32.47.
MaxLinear (NYSE:MXL) last released its earnings results 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 company had revenue of $104.18 million during 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 company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, equities research analysts expect that MaxLinear, Inc will post $1.39 EPS for the current year.
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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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