AHL Partners LLP grew its position in shares of MaxLinear, Inc (NYSE:MXL) by 31.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,811 shares of the semiconductor company’s stock after buying an additional 8,596 shares during the quarter. AHL Partners LLP owned 0.05% of MaxLinear worth $999,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC purchased a new position in MaxLinear during the 2nd quarter worth $134,000. Ameritas Investment Partners Inc. purchased a new position in MaxLinear during the 1st quarter worth $135,000. D.A. Davidson & CO. raised its position in MaxLinear by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock worth $147,000 after buying an additional 45 shares during the last quarter. Envestnet Asset Management Inc. raised its position in MaxLinear by 10.8% during the 1st 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 last quarter. Finally, Pinebridge Investments L.P. purchased a new position in MaxLinear during the 2nd quarter worth $192,000. Institutional investors own 85.52% of the company’s stock.

Shares of MaxLinear, Inc (NYSE:MXL) opened at 23.20 on Tuesday. The firm has a market capitalization of $1.51 billion, a PE ratio of 25.49 and a beta of 0.58. The company has a 50-day moving average of $22.81 and a 200-day moving average of $26.40. MaxLinear, Inc has a 52 week low of $18.26 and a 52 week high of $32.47.

MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. MaxLinear had a net margin of 9.95% and a return on equity of 22.29%. The firm had revenue of $104.18 million for the quarter, compared to analysts’ expectations of $107.77 million. During the same period in the previous year, the business earned $0.50 earnings per share. MaxLinear’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts forecast that MaxLinear, Inc will post $1.39 earnings per share for the current fiscal year.

A number of brokerages have commented on MXL. Stifel Nicolaus cut their price objective on shares of MaxLinear from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Deutsche Bank AG cut their price objective on shares of MaxLinear from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. BidaskClub downgraded shares of MaxLinear from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Needham & Company LLC cut their price objective on shares of MaxLinear from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, July 17th. Finally, Roth Capital cut their price objective on shares of MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $30.42.

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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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