Comerica Bank Boosts Position in MaxLinear, Inc (MXL)

Comerica Bank increased its position in shares of MaxLinear, Inc (NYSE:MXL) by 16.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,174 shares of the semiconductor company’s stock after acquiring an additional 8,839 shares during the period. Comerica Bank owned about 0.10% of MaxLinear worth $1,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MXL. Dimensional Fund Advisors LP increased its holdings in MaxLinear by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 972,743 shares of the semiconductor company’s stock worth $27,285,000 after purchasing an additional 57,155 shares during the period. LS Investment Advisors LLC purchased a new stake in MaxLinear during the 2nd quarter worth about $134,000. Louisiana State Employees Retirement System purchased a new stake in MaxLinear during the 2nd quarter worth about $594,000. Aperio Group LLC increased its holdings in MaxLinear by 446.1% during the 2nd quarter. Aperio Group LLC now owns 42,154 shares of the semiconductor company’s stock worth $1,176,000 after purchasing an additional 34,435 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in MaxLinear by 58.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 49,459 shares of the semiconductor company’s stock worth $1,379,000 after purchasing an additional 18,246 shares during the period. Institutional investors own 88.90% of the company’s stock.

In other news, insider Daniel Omeniuk sold 2,000,000 shares of the stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $0.16, for a total value of $320,000.00. Corporate insiders own 11.92% of the company’s stock.

Several brokerages have weighed in on MXL. BidaskClub downgraded MaxLinear from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded MaxLinear from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Stifel Nicolaus cut their price target on MaxLinear from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Roth Capital cut their price target on MaxLinear from $38.00 to $33.50 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Finally, TheStreet downgraded MaxLinear from a “b” rating to a “c+” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $30.36.

MaxLinear, Inc (NYSE MXL) traded down $0.55 on Friday, hitting $25.86. The stock had a trading volume of 384,818 shares, compared to its average volume of 523,761. MaxLinear, Inc has a fifty-two week low of $19.22 and a fifty-two week high of $32.47. The stock has a market cap of $1,731.53, a P/E ratio of 22.29, a P/E/G ratio of 1.24 and a beta of 0.47. The company has a current ratio of 2.23, a quick ratio of 1.58 and a debt-to-equity ratio of 0.93.

MaxLinear (NYSE:MXL) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. The business had revenue of $113.58 million for the quarter, compared to the consensus estimate of $115.77 million. During the same quarter in the prior year, the business posted $0.43 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. analysts forecast that MaxLinear, Inc will post 1.05 EPS for the current year.

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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.

Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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