MaxLinear, Inc (MXL) Shares Sold by Teachers Advisors LLC
Teachers Advisors LLC lessened its position in MaxLinear, Inc (NYSE:MXL) by 14.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 380,035 shares of the semiconductor company’s stock after selling 65,624 shares during the quarter. Teachers Advisors LLC owned approximately 0.58% of MaxLinear worth $10,599,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC bought a new stake in shares of MaxLinear during the second quarter valued at approximately $134,000. Ameritas Investment Partners Inc. purchased a new stake in MaxLinear in the first quarter worth $135,000. Envestnet Asset Management Inc. raised its holdings in MaxLinear by 10.8% in the first quarter. Envestnet Asset Management Inc. now owns 6,404 shares of the semiconductor company’s stock worth $179,000 after purchasing an additional 624 shares in the last quarter. KCG Holdings Inc. bought a new position in MaxLinear in the first quarter worth $212,000. Finally, Karp Capital Management Corp bought a new position in MaxLinear in the first quarter worth $217,000. Institutional investors own 85.52% of the company’s stock.
Several equities analysts have commented on MXL shares. Needham & Company LLC raised their price objective on MaxLinear from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Deutsche Bank AG reduced their target price on shares of MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. TheStreet downgraded shares of MaxLinear from a “b” rating to a “c+” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of MaxLinear from a “sell” rating to a “hold” rating and set a $37.00 price target for the company in a research note on Friday, June 9th. Finally, Roth Capital decreased their price target 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $31.36.
Shares of MaxLinear, Inc (NYSE:MXL) opened at 23.86 on Tuesday. The company has a market capitalization of $1.55 billion, a P/E ratio of 26.22 and a beta of 0.58. The firm has a 50-day moving average price of $22.18 and a 200 day moving average price of $26.59. MaxLinear, Inc has a 12-month low of $18.26 and a 12-month high of $32.47.
MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.27 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%. MaxLinear’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. On average, equities research analysts predict that MaxLinear, Inc will post $1.39 earnings per share for the current year.
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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