AWM Investment Company Inc. decreased its holdings in MaxLinear, Inc (NYSE:MXL) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,000 shares of the semiconductor company’s stock after selling 10,000 shares during the quarter. MaxLinear comprises approximately 1.2% of AWM Investment Company Inc.’s portfolio, making the stock its 28th biggest holding. AWM Investment Company Inc. owned about 0.39% of MaxLinear worth $7,251,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of MaxLinear by 45.7% in the second quarter. Bank of New York Mellon Corp now owns 1,339,398 shares of the semiconductor company’s stock valued at $37,355,000 after buying an additional 419,925 shares in the last quarter. Emerald Advisers Inc. PA increased its position in shares of MaxLinear by 7.2% in the second quarter. Emerald Advisers Inc. PA now owns 464,640 shares of the semiconductor company’s stock valued at $12,959,000 after buying an additional 31,105 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of MaxLinear in the first quarter valued at $217,000. Rhumbline Advisers increased its position in shares of MaxLinear by 68.8% in the second quarter. Rhumbline Advisers now owns 109,300 shares of the semiconductor company’s stock valued at $3,048,000 after buying an additional 44,541 shares in the last quarter. Finally, Pier Capital LLC purchased a new position in shares of MaxLinear in the second quarter valued at $5,473,000. Hedge funds and other institutional investors own 85.52% of the company’s stock.

MaxLinear, Inc (MXL) traded up 1.16% during mid-day trading on Friday, hitting $23.45. The company had a trading volume of 126,806 shares. The company’s 50 day moving average price is $22.97 and its 200-day moving average price is $26.29. MaxLinear, Inc has a one year low of $18.26 and a one year high of $32.47. The company has a market cap of $1.53 billion, a PE ratio of 25.77 and a beta of 0.58.

MaxLinear (NYSE:MXL) last announced 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 for the quarter, compared to analyst estimates of $107.77 million. MaxLinear had a return on equity of 22.29% and a net margin of 9.95%. MaxLinear’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. Equities research analysts anticipate that MaxLinear, Inc will post $1.39 EPS for the current fiscal year.

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MXL has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on MaxLinear from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, July 4th. Zacks Investment Research cut MaxLinear from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub cut MaxLinear from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. TheStreet cut MaxLinear from a “b” rating to a “c+” rating in a research report on Thursday, August 10th. Finally, Deutsche Bank AG dropped their price target on MaxLinear from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. MaxLinear currently has a consensus rating of “Buy” and a consensus target price of $30.42.

MaxLinear Company Profile

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.

Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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