Mesirow Financial Investment Management Equity Management acquired a new position in shares of MaxLinear, Inc (NYSE:MXL) during the second quarter, Holdings Channel reports. The firm acquired 491,950 shares of the semiconductor company’s stock, valued at approximately $13,721,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LS Investment Advisors LLC acquired a new position in shares of MaxLinear during the second quarter worth about $134,000. Ameritas Investment Partners Inc. acquired a new position in shares of MaxLinear during the first quarter worth about $135,000. Envestnet Asset Management Inc. raised its position in shares of MaxLinear by 10.8% in the first quarter. Envestnet Asset Management Inc. now owns 6,404 shares of the semiconductor company’s stock worth $179,000 after buying an additional 624 shares during the period. KCG Holdings Inc. acquired a new position in shares of MaxLinear during the first quarter worth about $212,000. Finally, Karp Capital Management Corp acquired a new position in shares of MaxLinear during the first quarter worth about $217,000. Institutional investors and hedge funds own 85.44% of the company’s stock.

MaxLinear, Inc (NYSE MXL) opened at 24.69 on Wednesday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 34.24 and a beta of 0.61. The company has a 50-day moving average of $27.50 and a 200-day moving average of $27.63. MaxLinear, Inc has a one year low of $17.13 and a one year high of $32.47.

MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, May 9th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The company had revenue of $88.84 million during the quarter, compared to the consensus estimate of $88.02 million. MaxLinear had a return on equity of 26.77% and a net margin of 13.12%. MaxLinear’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. Equities research analysts expect that MaxLinear, Inc will post $1.42 EPS for the current fiscal year.

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A number of research analysts recently issued reports on the stock. BidaskClub lowered shares of MaxLinear from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research lowered shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Needham & Company LLC dropped their price objective on shares of MaxLinear from $34.00 to $32.00 and set a “buy” rating for the company in a report on Monday, July 17th. Stifel Nicolaus raised their price objective on shares of MaxLinear from $34.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Finally, Deutsche Bank AG dropped their price objective on shares of MaxLinear from $33.00 to $32.00 and set a “buy” rating for the company in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $31.50.

In related news, VP Michael J. Lachance sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $31.12, for a total value of $1,244,800.00. Following the completion of the sale, the vice president now owns 84,734 shares in the company, valued at approximately $2,636,922.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Craddock sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $30.86, for a total value of $617,200.00. Following the completion of the sale, the director now owns 73,752 shares of the company’s stock, valued at approximately $2,275,986.72. The disclosure for this sale can be found here. Insiders sold a total of 276,004 shares of company stock valued at $8,638,836 in the last 90 days. 11.92% of the stock is currently owned by corporate 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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