MaxLinear, Inc (MXL) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its stake in shares of MaxLinear, Inc (NYSE:MXL) by 38.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,800 shares of the semiconductor company’s stock after purchasing an additional 24,423 shares during the quarter. Sterling Capital Management LLC owned about 0.13% of MaxLinear worth $2,085,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MXL. BlackRock Inc. boosted its position in shares of MaxLinear by 94.6% during the 2nd quarter. BlackRock Inc. now owns 6,503,231 shares of the semiconductor company’s stock worth $181,375,000 after purchasing an additional 3,160,655 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of MaxLinear by 23.5% during the 2nd quarter. Vanguard Group Inc. now owns 5,095,203 shares of the semiconductor company’s stock worth $142,105,000 after purchasing an additional 970,197 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of MaxLinear by 20.3% during the 3rd quarter. Macquarie Group Ltd. now owns 3,225,049 shares of the semiconductor company’s stock worth $76,595,000 after purchasing an additional 544,304 shares in the last quarter. Principal Financial Group Inc. lifted its position in MaxLinear by 3,353.7% in the 2nd quarter. Principal Financial Group Inc. now owns 447,111 shares of the semiconductor company’s stock valued at $12,470,000 after acquiring an additional 434,165 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in MaxLinear by 45.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,339,398 shares of the semiconductor company’s stock valued at $37,355,000 after acquiring an additional 419,925 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors.

MaxLinear, Inc (NYSE MXL) opened at $25.56 on Monday. MaxLinear, Inc has a 1 year low of $20.38 and a 1 year high of $32.47. The firm has a market cap of $1,711.45, a PE ratio of 22.03 and a beta of 0.47. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.23 and a quick ratio of 1.58.

MaxLinear (NYSE:MXL) last announced its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.06. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%. The business had revenue of $113.58 million for the quarter, compared to analysts’ expectations of $115.77 million. During the same quarter last year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. equities analysts expect that MaxLinear, Inc will post 1.09 earnings per share for the current year.

Several equities analysts recently weighed in on MXL shares. BidaskClub cut shares of MaxLinear from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Zacks Investment Research raised shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 price target on shares of MaxLinear in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $30.75.

In other news, insider Daniel Omeniuk acquired 250,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was purchased at an average price of $0.19 per share, for a total transaction of $47,500.00. 11.92% of the stock is currently owned by company insiders.

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MaxLinear Profile

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.

Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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