BNP Paribas Arbitrage SA grew its stake in shares of MaxLinear, Inc (NYSE:MXL) by 2,067.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,444 shares of the semiconductor company’s stock after acquiring an additional 16,639 shares during the period. BNP Paribas Arbitrage SA’s holdings in MaxLinear were worth $487,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MXL. Bank of Montreal Can lifted its position in shares of MaxLinear by 79,290.7% during the first quarter. Bank of Montreal Can now owns 59,543 shares of the semiconductor company’s stock worth $1,670,000 after acquiring an additional 59,468 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of MaxLinear by 95.5% during the first quarter. Russell Investments Group Ltd. now owns 31,213 shares of the semiconductor company’s stock worth $874,000 after acquiring an additional 15,250 shares in the last quarter. First Trust Advisors LP lifted its position in shares of MaxLinear by 15.5% during the first quarter. First Trust Advisors LP now owns 113,447 shares of the semiconductor company’s stock worth $3,182,000 after acquiring an additional 15,189 shares in the last quarter. US Bancorp DE lifted its position in shares of MaxLinear by 9.8% during the first quarter. US Bancorp DE now owns 45,608 shares of the semiconductor company’s stock worth $1,279,000 after acquiring an additional 4,083 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of MaxLinear by 37.9% during the first quarter. Bank of New York Mellon Corp now owns 919,473 shares of the semiconductor company’s stock worth $25,791,000 after acquiring an additional 252,865 shares in the last quarter. Hedge funds and other institutional investors own 86.04% of the company’s stock.

Several equities research analysts have issued reports on MXL shares. Zacks Investment Research upgraded MaxLinear from a “sell” rating to a “hold” rating and set a $37.00 target price on the stock in a research report on Friday, June 9th. Needham & Company LLC upped their price target on shares of MaxLinear from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, June 9th. BidaskClub cut shares of MaxLinear from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Stifel Nicolaus upped their price target on shares of MaxLinear from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, July 4th. Finally, Deutsche Bank AG decreased their price target on shares of MaxLinear from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. MaxLinear currently has an average rating of “Buy” and a consensus price target of $31.36.

MaxLinear, Inc (NYSE:MXL) opened at 22.62 on Friday. MaxLinear, Inc has a 12-month low of $17.83 and a 12-month high of $32.47. The stock has a 50 day moving average of $22.66 and a 200 day moving average of $26.85. The company has a market cap of $1.51 billion, a PE ratio of 40.90 and a beta of 0.61.

MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. MaxLinear had a net margin of 9.95% and a return on equity of 22.29%. The company had revenue of $104.18 million for the quarter, compared to analysts’ expectations of $107.77 million. During the same quarter in the previous year, the company earned $0.50 EPS. MaxLinear’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts expect that MaxLinear, Inc will post $1.39 earnings per share for the current year.

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MaxLinear 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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