MaxLinear, Inc. (NYSE:MXL) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its stake in shares of MaxLinear, Inc. (NYSE:MXLGet Rating) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 628,897 shares of the semiconductor company’s stock after selling 5,393 shares during the period. The Manufacturers Life Insurance Company owned about 0.80% of MaxLinear worth $20,515,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. FinTrust Capital Advisors LLC bought a new position in MaxLinear during the 2nd quarter worth approximately $27,000. DekaBank Deutsche Girozentrale bought a new position in MaxLinear during the third quarter worth $33,000. Quantbot Technologies LP acquired a new position in MaxLinear in the second quarter worth $90,000. Exchange Traded Concepts LLC boosted its holdings in MaxLinear by 17.7% in the second quarter. Exchange Traded Concepts LLC now owns 2,976 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 447 shares during the period. Finally, Money Concepts Capital Corp increased its stake in MaxLinear by 14.7% during the second quarter. Money Concepts Capital Corp now owns 4,272 shares of the semiconductor company’s stock valued at $135,000 after purchasing an additional 549 shares during the last quarter. 90.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, VP Michael Bollesen sold 5,757 shares of the business’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $38.93, for a total transaction of $224,120.01. Following the sale, the vice president now directly owns 81,474 shares in the company, valued at approximately $3,171,782.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on MXL. Northland Securities reduced their price target on shares of MaxLinear from $45.00 to $35.00 in a research report on Wednesday, October 26th. Craig Hallum decreased their target price on MaxLinear from $65.00 to $55.00 in a research note on Wednesday, October 26th. Benchmark dropped their price target on MaxLinear from $62.00 to $50.00 in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their price target on MaxLinear from $50.00 to $48.00 in a report on Wednesday, October 26th. Finally, Needham & Company LLC lowered their price objective on MaxLinear from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $48.13.

MaxLinear Stock Down 2.0 %

MXL opened at $39.02 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.60 and a quick ratio of 1.13. MaxLinear, Inc. has a 12 month low of $29.27 and a 12 month high of $65.49. The stock’s 50 day moving average price is $35.37 and its 200 day moving average price is $35.59. The stock has a market cap of $3.07 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.88 and a beta of 1.85.

MaxLinear (NYSE:MXLGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The semiconductor company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $285.73 million for the quarter, compared to analysts’ expectations of $285.03 million. MaxLinear had a net margin of 11.34% and a return on equity of 47.44%. As a group, research analysts predict that MaxLinear, Inc. will post 3.06 earnings per share for the current year.

MaxLinear Company Profile

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MaxLinear, Inc provides radiofrequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. Its products integrate various portions of a high-speed communication system, including RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression, networking layers, and power management.

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Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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