State of Tennessee Treasury Department lowered its position in MaxLinear, Inc. (NYSE:MXL) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,723 shares of the semiconductor company’s stock after selling 5,196 shares during the period. State of Tennessee Treasury Department’s holdings in MaxLinear were worth $1,261,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Nationwide Fund Advisors increased its holdings in shares of MaxLinear by 50.9% in the third quarter. Nationwide Fund Advisors now owns 97,188 shares of the semiconductor company’s stock valued at $2,308,000 after purchasing an additional 32,785 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of MaxLinear in the third quarter valued at approximately $436,000. Victory Capital Management Inc. increased its holdings in shares of MaxLinear by 84.0% in the third quarter. Victory Capital Management Inc. now owns 92,402 shares of the semiconductor company’s stock valued at $2,195,000 after purchasing an additional 42,170 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of MaxLinear by 12.5% in the third quarter. Prudential Financial Inc. now owns 100,671 shares of the semiconductor company’s stock valued at $2,391,000 after purchasing an additional 11,170 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of MaxLinear by 10.0% in the third quarter. Principal Financial Group Inc. now owns 491,969 shares of the semiconductor company’s stock valued at $11,684,000 after purchasing an additional 44,858 shares in the last quarter. Institutional investors own 89.71% of the company’s stock.
Shares of MaxLinear, Inc. (MXL) opened at $25.12 on Monday. The company has a quick ratio of 1.94, a current ratio of 2.64 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1,693.31, a P/E ratio of -167.46 and a beta of 0.54. MaxLinear, Inc. has a fifty-two week low of $20.38 and a fifty-two week high of $32.47.
In other MaxLinear news, insider Curtis Ling sold 22,321 shares of MaxLinear stock in a transaction on Monday, March 5th. The shares were sold at an average price of $22.90, for a total transaction of $511,150.90. Following the completion of the sale, the insider now owns 912,117 shares of the company’s stock, valued at approximately $20,887,479.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brendan Walsh sold 25,018 shares of MaxLinear stock in a transaction 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 sale, the vice president now directly 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 have sold a total of 97,339 shares of company stock valued at $2,379,405 in the last ninety days. Company insiders own 11.92% of the company’s stock.
MXL has been the subject of a number of research reports. Zacks Investment Research raised shares of MaxLinear from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a report on Tuesday, November 14th. Roth Capital reissued a “buy” rating and issued a $33.00 price target on shares of MaxLinear in a report on Friday, December 29th. Finally, Needham & Company LLC lowered their price target on shares of MaxLinear from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.20.
TRADEMARK VIOLATION WARNING: This piece was reported by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.themarketsdaily.com/2018/03/12/maxlinear-inc-mxl-shares-sold-by-state-of-tennessee-treasury-department.html.
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.
Want to see what other hedge funds are holding MXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MaxLinear, Inc. (NYSE:MXL).
Receive News & Ratings for MaxLinear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MaxLinear and related companies with MarketBeat.com's FREE daily email newsletter.