MaxLinear (MXL) Holdings Raised by William Blair Investment Management LLC
William Blair Investment Management LLC raised its stake in shares of MaxLinear (NYSE:MXL) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,802,122 shares of the semiconductor company’s stock after acquiring an additional 175,864 shares during the period. William Blair Investment Management LLC owned approximately 7.17% of MaxLinear worth $126,872,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in MXL. Cubist Systematic Strategies LLC purchased a new position in shares of MaxLinear in the third quarter valued at approximately $205,000. Meadow Creek Investment Management LLC purchased a new position in shares of MaxLinear in the fourth quarter valued at approximately $216,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of MaxLinear in the third quarter valued at approximately $229,000. Amalgamated Bank purchased a new position in shares of MaxLinear in the fourth quarter valued at approximately $238,000. Finally, Campbell Newman Asset Management Inc. boosted its stake in shares of MaxLinear by 21.7% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 12,373 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 2,208 shares during the period. Institutional investors and hedge funds own 89.71% of the company’s stock.
In related news, insider Curtis Ling sold 22,321 shares of MaxLinear stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $22.90, for a total value of $511,150.90. Following the completion of the transaction, the insider now owns 912,117 shares in the company, valued at $20,887,479.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brendan Walsh sold 25,018 shares of MaxLinear stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $28.00, for a total transaction of $700,504.00. Following the completion of the transaction, the vice president now owns 155,441 shares of the company’s stock, valued at approximately $4,352,348. The disclosure for this sale can be found here. Insiders sold 97,339 shares of company stock valued at $2,379,405 in the last quarter. 11.92% of the stock is owned by insiders.
MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. MaxLinear had a negative net margin of 2.19% and a positive return on equity of 20.70%. The company had revenue of $113.72 million during the quarter, compared to the consensus estimate of $114.01 million. equities research analysts forecast that MaxLinear will post 1.26 EPS for the current fiscal year.
MXL has been the subject of several recent research reports. Roth Capital reissued a “buy” rating and issued a $33.00 price objective on shares of MaxLinear in a research note on Friday, December 29th. Zacks Investment Research lowered shares of MaxLinear from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 20th. Finally, Needham & Company LLC lowered their price objective on shares of MaxLinear from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. MaxLinear presently has a consensus rating of “Hold” and an average target price of $31.20.
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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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