Credit Suisse AG raised its position in shares of MaxLinear, Inc (NYSE:MXL) by 188.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,269 shares of the semiconductor company’s stock after buying an additional 91,656 shares during the period. Credit Suisse AG owned about 0.22% of MaxLinear worth $3,934,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MXL. Wellington Management Group LLP boosted its stake in MaxLinear by 8.5% in the first quarter. Wellington Management Group LLP now owns 4,321,928 shares of the semiconductor company’s stock worth $121,229,000 after buying an additional 339,530 shares during the period. Vanguard Group Inc. boosted its stake in MaxLinear by 4.9% in the first quarter. Vanguard Group Inc. now owns 4,125,006 shares of the semiconductor company’s stock worth $115,707,000 after buying an additional 191,408 shares during the period. William Blair Investment Management LLC boosted its stake in shares of MaxLinear by 750.3% in the first quarter. William Blair Investment Management LLC now owns 3,752,779 shares of the semiconductor company’s stock valued at $105,265,000 after buying an additional 3,311,413 shares during the last quarter. BlackRock Inc. boosted its stake in shares of MaxLinear by 74,544.4% in the first quarter. BlackRock Inc. now owns 3,342,576 shares of the semiconductor company’s stock valued at $93,758,000 after buying an additional 3,338,098 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of MaxLinear by 4.3% in the fourth quarter. Macquarie Group Ltd. now owns 2,411,172 shares of the semiconductor company’s stock valued at $52,564,000 after buying an additional 98,860 shares during the last quarter. Institutional investors and hedge funds own 85.44% of the company’s stock.
MaxLinear, Inc (NYSE:MXL) traded up 1.57% during trading on Monday, reaching $24.62. The company’s stock had a trading volume of 433,971 shares. The company has a market capitalization of $1.61 billion, a PE ratio of 34.15 and a beta of 0.61. The company has a 50 day moving average price of $27.86 and a 200-day moving average price of $27.70. MaxLinear, Inc has a 52 week low of $17.13 and a 52 week high of $32.47.
MaxLinear (NYSE:MXL) last released its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the 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 revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. Equities research analysts anticipate that MaxLinear, Inc will post $1.43 earnings per share for the current year.
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Several brokerages recently commented on MXL. Zacks Investment Research upgraded MaxLinear from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, April 12th. Needham & Company LLC boosted their price target on MaxLinear from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. BidaskClub cut MaxLinear from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Stifel Nicolaus boosted their price target on MaxLinear from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Finally, Deutsche Bank AG dropped their price target on 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 issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $31.50.
In other news, Director Donald E. Schrock sold 30,766 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $30.92, for a total transaction of $951,284.72. Following the sale, the director now owns 35,486 shares in the company, valued at $1,097,227.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Madhukar Reddy sold 52,979 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $31.32, for a total value of $1,659,302.28. Following the sale, the vice president now owns 226,671 shares in the company, valued at approximately $7,099,335.72. The disclosure for this sale can be found here. Insiders have sold 276,004 shares of company stock valued at $8,638,836 in the last three months. 11.92% of the stock is currently 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.
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