16,000 Shares in MaxLinear Inc. (MXL) Acquired by Capital Fund Management S.A.
Capital Fund Management S.A. acquired a new position in shares of MaxLinear Inc. (NYSE:MXL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,000 shares of the company’s stock, valued at approximately $288,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. boosted its position in MaxLinear by 22.4% in the second quarter. American Century Companies Inc. now owns 259,814 shares of the company’s stock worth $4,671,000 after buying an additional 47,605 shares in the last quarter. Moody Aldrich Partners LLC boosted its position in MaxLinear by 165.8% in the second quarter. Moody Aldrich Partners LLC now owns 35,820 shares of the company’s stock worth $644,000 after buying an additional 22,345 shares in the last quarter. Meeder Asset Management Inc. boosted its position in MaxLinear by 11.9% in the second quarter. Meeder Asset Management Inc. now owns 15,098 shares of the company’s stock worth $273,000 after buying an additional 1,602 shares in the last quarter. Winslow Evans & Crocker Inc. acquired a new position in MaxLinear during the second quarter worth approximately $227,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in MaxLinear during the second quarter worth approximately $2,601,000. Institutional investors own 75.94% of the company’s stock.
MaxLinear Inc. (NYSE:MXL) traded down 0.15% during trading on Friday, hitting $19.67. The stock had a trading volume of 558,953 shares. The company’s 50 day moving average is $19.68 and its 200-day moving average is $19.19. The company has a market cap of $1.26 billion, a PE ratio of 34.94 and a beta of 0.48. MaxLinear Inc. has a 12 month low of $12.67 and a 12 month high of $22.50.
MaxLinear (NYSE:MXL) last posted its earnings results on Monday, August 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $101.70 million for the quarter, compared to analyst estimates of $101.94 million. MaxLinear had a return on equity of 35.97% and a net margin of 8.72%. MaxLinear’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. On average, equities research analysts predict that MaxLinear Inc. will post $1.74 earnings per share for the current year.
A number of research analysts recently commented on MXL shares. Needham & Company LLC reissued a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of MaxLinear in a report on Sunday, July 10th. Zacks Investment Research raised MaxLinear from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Thursday, July 21st. Deutsche Bank AG reaffirmed a “buy” rating and set a $30.00 price objective (up from $22.00) on shares of MaxLinear in a report on Monday, July 25th. Finally, Stifel Nicolaus decreased their price objective on MaxLinear from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, August 9th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $21.00.
In other MaxLinear news, VP Brendan Walsh sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $18.04, for a total value of $225,500.00. Following the sale, the vice president now directly owns 162,210 shares of the company’s stock, valued at $2,926,268.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.48% of the stock is owned by company insiders.
MaxLinear, Inc is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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