Principal Financial Group Inc. boosted its holdings in MaxLinear, Inc. (NYSE:MXL) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 509,509 shares of the semiconductor company’s stock after buying an additional 5,395 shares during the period. Principal Financial Group Inc. owned 0.74% of MaxLinear worth $8,967,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. grew its position in shares of MaxLinear by 24.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 584 shares in the last quarter. Bank of Montreal Can grew its position in shares of MaxLinear by 37.3% during the fourth quarter. Bank of Montreal Can now owns 3,728 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 1,013 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of MaxLinear during the third quarter valued at about $205,000. Riverhead Capital Management LLC grew its position in shares of MaxLinear by 68.8% during the third quarter. Riverhead Capital Management LLC now owns 10,800 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of MaxLinear during the third quarter valued at about $226,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

In other MaxLinear news, Director Donald E. Schrock sold 34,575 shares of MaxLinear stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $25.36, for a total value of $876,822.00. Following the transaction, the director now directly owns 76,278 shares of the company’s stock, valued at $1,934,410.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Connie H. Kwong sold 2,093 shares of MaxLinear stock in a transaction on Friday, February 8th. The stock was sold at an average price of $21.70, for a total transaction of $45,418.10. Following the completion of the transaction, the insider now directly owns 9,161 shares in the company, valued at $198,793.70. The disclosure for this sale can be found here. Insiders sold 87,818 shares of company stock worth $2,077,341 over the last ninety days. Corporate insiders own 11.47% of the company’s stock.

Shares of MXL stock opened at $26.50 on Wednesday. The company has a market cap of $1.85 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 1.73 and a beta of 1.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 2.56. MaxLinear, Inc. has a 52-week low of $14.87 and a 52-week high of $26.99.

MaxLinear (NYSE:MXL) last released its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. MaxLinear had a negative net margin of 6.80% and a positive return on equity of 11.90%. The business had revenue of $87.63 million for the quarter, compared to analyst estimates of $87.00 million. During the same period in the previous year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was down 22.9% on a year-over-year basis. Sell-side analysts anticipate that MaxLinear, Inc. will post 0.77 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on MXL shares. ValuEngine upgraded MaxLinear from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. Needham & Company LLC restated a “buy” rating on shares of MaxLinear in a research report on Wednesday, February 6th. JPMorgan Chase & Co. started coverage on MaxLinear in a research report on Friday, January 4th. They set a “neutral” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research upgraded MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.83.

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About MaxLinear

MaxLinear, Inc provides radio-frequency (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. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

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Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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