Public Employees Retirement Association of Colorado Has $13.94 Million Position in MaxLinear, Inc. (MXL)

Public Employees Retirement Association of Colorado increased its holdings in MaxLinear, Inc. (NYSE:MXL) by 31.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 527,446 shares of the semiconductor company’s stock after purchasing an additional 127,446 shares during the period. Public Employees Retirement Association of Colorado’s holdings in MaxLinear were worth $13,935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS boosted its holdings in MaxLinear by 14.9% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 60,000 shares of the semiconductor company’s stock worth $1,585,000 after buying an additional 7,800 shares during the period. Moody Aldrich Partners LLC boosted its holdings in MaxLinear by 26.3% in the 4th quarter. Moody Aldrich Partners LLC now owns 40,606 shares of the semiconductor company’s stock worth $1,073,000 after buying an additional 8,464 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in MaxLinear by 18.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,974,675 shares of the semiconductor company’s stock worth $52,171,000 after buying an additional 303,350 shares during the period. Campbell Newman Asset Management Inc. boosted its holdings in MaxLinear by 21.7% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 12,373 shares of the semiconductor company’s stock worth $327,000 after buying an additional 2,208 shares during the period. Finally, Jennison Associates LLC boosted its holdings in MaxLinear by 12.2% in the 4th quarter. Jennison Associates LLC now owns 953,709 shares of the semiconductor company’s stock worth $25,197,000 after buying an additional 103,970 shares during the period. 89.14% of the stock is owned by institutional investors.

In other MaxLinear news, VP Brendan Walsh sold 25,018 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $28.00, for a total value of $700,504.00. Following the sale, the vice president now directly owns 155,441 shares in the company, valued at approximately $4,352,348. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.92% of the company’s stock.

Shares of MaxLinear, Inc. (MXL) opened at $25.16 on Wednesday. MaxLinear, Inc. has a 52 week low of $20.38 and a 52 week high of $32.47. The company has a quick ratio of 1.58, a current ratio of 2.23 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1,670.60, a P/E ratio of 21.51 and a beta of 0.41.

MaxLinear (NYSE:MXL) last posted its earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. equities analysts anticipate that MaxLinear, Inc. will post 1.05 earnings per share for the current fiscal year.

MXL has been the subject of several analyst reports. Zacks Investment Research raised shares of MaxLinear from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 price objective on shares of MaxLinear in a report on Wednesday, November 8th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $33.00 price objective on shares of MaxLinear in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. MaxLinear currently has an average rating of “Buy” and a consensus target price of $31.60.

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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.

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Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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