MaxLinear, Inc (MXL) Stake Lowered by AlphaMark Advisors LLC
AlphaMark Advisors LLC lowered its position in MaxLinear, Inc (NYSE:MXL) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,950 shares of the semiconductor company’s stock after selling 3,550 shares during the period. AlphaMark Advisors LLC owned approximately 0.05% of MaxLinear worth $919,000 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 shares of MaxLinear during the second quarter worth $134,000. Ameritas Investment Partners Inc. acquired a new position in shares of MaxLinear during the first quarter worth $135,000. Envestnet Asset Management Inc. raised its position in shares of 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 buying an additional 624 shares in the last quarter. KCG Holdings Inc. acquired a new position in shares of MaxLinear during the first quarter worth $212,000. Finally, Karp Capital Management Corp acquired a new position in shares of MaxLinear during the first quarter worth $217,000. 86.04% of the stock is currently owned by institutional investors.
MaxLinear, Inc (MXL) opened at 21.51 on Thursday. MaxLinear, Inc has a 12 month low of $17.82 and a 12 month high of $32.47. The company has a 50 day moving average price of $24.81 and a 200 day moving average price of $27.29. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 38.90 and a beta of 0.61.
MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business 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 firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. Equities research analysts predict that MaxLinear, Inc will post $1.39 earnings per share for the current year.
A number of brokerages have weighed in on MXL. TheStreet lowered MaxLinear from a “b” rating to a “c+” rating in a research note on Thursday, August 10th. Roth Capital reduced their price target on MaxLinear from $38.00 to $33.50 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Stifel Nicolaus reduced their price target on MaxLinear from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Deutsche Bank AG reduced their price target on MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised MaxLinear from a “sell” rating to a “hold” rating and set a $37.00 price target on the stock in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $31.36.
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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