MaxLinear, Inc (MXL) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA grew its holdings in shares of MaxLinear, Inc (NYSE:MXL) by 81.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,656 shares of the semiconductor company’s stock after acquiring an additional 14,212 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in MaxLinear were worth $752,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. LS Investment Advisors LLC acquired a new position in MaxLinear during the second quarter worth about $134,000. Ameritas Investment Partners Inc. raised its stake in MaxLinear by 9.5% during the second quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 460 shares in the last quarter. D.A. Davidson & CO. raised its stake in MaxLinear by 0.9% during the second quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 45 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in MaxLinear during the second quarter worth about $192,000. Finally, GSA Capital Partners LLP acquired a new position in MaxLinear during the second quarter worth about $208,000. 88.66% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Daniel Omeniuk sold 2,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $0.16, for a total value of $320,000.00. Corporate insiders own 11.92% of the company’s stock.
MaxLinear, Inc (NYSE:MXL) traded down $0.49 during trading on Tuesday, hitting $25.37. The stock had a trading volume of 307,200 shares, compared to its average volume of 767,134. MaxLinear, Inc has a one year low of $19.51 and a one year high of $32.47. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.23 and a quick ratio of 1.58. The firm has a market capitalization of $1,731.53, a P/E ratio of 22.29, a P/E/G ratio of 1.24 and a beta of 0.47.
MaxLinear (NYSE:MXL) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating 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 company had revenue of $113.58 million during the quarter, compared to the consensus estimate of $115.77 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. equities research analysts predict that MaxLinear, Inc will post 1.05 EPS for the current fiscal year.
Several research analysts have commented on MXL shares. Zacks Investment Research downgraded MaxLinear from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub downgraded MaxLinear from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. TheStreet downgraded MaxLinear from a “b” rating to a “c+” rating in a research note on Thursday, August 10th. Needham & Company LLC reissued a “buy” rating and set a $32.00 target price on shares of MaxLinear in a research note on Wednesday, November 8th. Finally, Roth Capital lowered their target price on MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.36.
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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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