Paradigm Capital Management Inc. NY lifted its holdings in MaxLinear, Inc (NYSE:MXL) by 7.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,050,140 shares of the company’s stock after acquiring an additional 77,180 shares during the period. MaxLinear makes up approximately 2.2% of Paradigm Capital Management Inc. NY’s investment portfolio, making the stock its 13th largest position. Paradigm Capital Management Inc. NY owned about 1.58% of MaxLinear worth $24,941,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MXL. D.A. Davidson & CO. lifted its position in MaxLinear by 0.9% during the second quarter. D.A. Davidson & CO. now owns 5,298 shares of the company’s stock worth $147,000 after purchasing an additional 45 shares during the period. Alps Advisors Inc. lifted its position in MaxLinear by 0.3% during the second quarter. Alps Advisors Inc. now owns 18,262 shares of the company’s stock worth $509,000 after purchasing an additional 47 shares during the period. ProVise Management Group LLC lifted its position in MaxLinear by 0.5% during the second quarter. ProVise Management Group LLC now owns 18,933 shares of the company’s stock worth $528,000 after purchasing an additional 96 shares during the period. Campbell Newman Asset Management Inc. lifted its position in MaxLinear by 4.8% during the second quarter. Campbell Newman Asset Management Inc. now owns 8,865 shares of the company’s stock worth $247,000 after purchasing an additional 406 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its position in MaxLinear by 9.5% during the second quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the company’s stock worth $147,000 after purchasing an additional 460 shares during the period. Institutional investors and hedge funds own 84.98% of the company’s stock.

MaxLinear, Inc (MXL) traded down C$0.09 during mid-day trading on Friday, hitting C$25.96. 696,517 shares of the stock were exchanged, compared to its average volume of 553,234. The company has a market capitalization of $1,727.43, a PE ratio of 22.38, a P/E/G ratio of 1.32 and a beta of 0.47. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.23 and a quick ratio of 1.64. MaxLinear, Inc has a 52-week low of C$19.22 and a 52-week high of C$32.47.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Tuesday, November 7th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.33 by C$0.06. The business had revenue of C$113.58 million during the quarter, compared to analyst estimates of C$115.77 million. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. sell-side analysts forecast that MaxLinear, Inc will post 1.05 EPS for the current fiscal year.

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Several equities research analysts recently weighed in on MXL shares. Zacks Investment Research cut shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub cut shares of MaxLinear from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. TheStreet cut shares of MaxLinear from a “b” rating to a “c+” rating in a research report on Thursday, August 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 price objective on shares of MaxLinear in a research report on Wednesday. Finally, Deutsche Bank AG cut their price objective on shares of MaxLinear from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$30.42.

In related news, insider Daniel Omeniuk sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of C$0.16, for a total value of C$320,000.00. 11.92% of the stock is owned by company 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.

Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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