Aperio Group LLC Increases Stake in MaxLinear, Inc (MXL)

Aperio Group LLC boosted its position in MaxLinear, Inc (NYSE:MXL) by 446.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,154 shares of the semiconductor company’s stock after buying an additional 34,435 shares during the period. Aperio Group LLC’s holdings in MaxLinear were worth $1,176,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MXL. BlackRock Inc. increased its position in MaxLinear by 74,544.4% in the first quarter. BlackRock Inc. now owns 3,342,576 shares of the semiconductor company’s stock valued at $93,758,000 after buying an additional 3,338,098 shares in the last quarter. William Blair Investment Management LLC increased its position in MaxLinear by 750.3% in the first quarter. William Blair Investment Management LLC now owns 3,752,779 shares of the semiconductor company’s stock valued at $105,265,000 after buying an additional 3,311,413 shares in the last quarter. Ranger Investment Management L.P. bought a new position in MaxLinear during the first quarter valued at $22,169,000. Columbus Circle Investors bought a new position in MaxLinear during the first quarter valued at $15,816,000. Finally, Emerald Advisers Inc. PA bought a new position in MaxLinear during the first quarter valued at $12,161,000. 86.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of MaxLinear, Inc (NYSE:MXL) traded up 0.18% on Tuesday, hitting $21.73. The stock had a trading volume of 353,637 shares. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 39.29 and a beta of 0.61. MaxLinear, Inc has a 12-month low of $17.61 and a 12-month high of $32.47. The stock has a 50 day moving average price of $26.45 and a 200-day moving average price of $27.60.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The firm had revenue of $104.18 million during the quarter, compared to the consensus estimate of $107.77 million. MaxLinear had a return on equity of 22.29% and a net margin of 9.95%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. On average, equities analysts expect that MaxLinear, Inc will post $1.39 earnings per share for the current year.

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Several equities analysts have recently weighed in on MXL shares. Stifel Nicolaus boosted their target price on MaxLinear from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, July 4th. Deutsche Bank AG lowered their target price on MaxLinear from $33.00 to $32.00 and set a “buy” rating for the company in a report on Friday, July 21st. Zacks Investment Research cut MaxLinear from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Needham & Company LLC upped their target price on MaxLinear from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Finally, BidaskClub cut MaxLinear from a “buy” rating to a “hold” rating in a report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $31.36.

In related news, Director Donald E. Schrock sold 30,766 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $30.92, for a total value of $951,284.72. Following the sale, the director now owns 35,486 shares in the company, valued at approximately $1,097,227.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Albert J. Moyer sold 21,149 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $31.86, for a total value of $673,807.14. Following the completion of the sale, the director now owns 75,857 shares in the company, valued at approximately $2,416,804.02. The disclosure for this sale can be found here. Insiders have sold a total of 234,280 shares of company stock worth $7,340,489 in the last quarter. 11.92% of the stock is currently owned by insiders.

MaxLinear Company 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.

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Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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