Nicholas Investment Partners LP trimmed its stake in shares of MaxLinear, Inc (NYSE:MXL) by 12.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 108,694 shares of the semiconductor company’s stock after selling 15,782 shares during the quarter. Nicholas Investment Partners LP owned about 0.16% of MaxLinear worth $2,581,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its position in shares of MaxLinear by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 45 shares during the period. Alps Advisors Inc. raised its holdings in shares of MaxLinear by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 18,262 shares of the semiconductor company’s stock worth $509,000 after buying an additional 47 shares in the last quarter. ProVise Management Group LLC raised its holdings in shares of MaxLinear by 0.5% during the 2nd quarter. ProVise Management Group LLC now owns 18,933 shares of the semiconductor company’s stock worth $528,000 after buying an additional 96 shares in the last quarter. Campbell Newman Asset Management Inc. raised its holdings in shares of MaxLinear by 4.8% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 8,865 shares of the semiconductor company’s stock worth $247,000 after buying an additional 406 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of MaxLinear by 9.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the semiconductor company’s stock worth $147,000 after buying an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.
In other MaxLinear news, insider Daniel Omeniuk sold 760,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $0.15, for a total value of $114,000.00. 11.92% of the stock is owned by corporate insiders.
MaxLinear (NYSE:MXL) last issued its earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. The business had revenue of $113.58 million during the quarter, compared to analysts’ expectations of $115.77 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. equities analysts forecast that MaxLinear, Inc will post 1.05 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the company. BidaskClub cut MaxLinear from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Zacks Investment Research raised MaxLinear from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Stifel Nicolaus lowered their price target on MaxLinear from $34.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Roth Capital lowered their price target on MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a report on Wednesday, August 9th. Finally, TheStreet cut MaxLinear from a “b” rating to a “c+” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $30.36.
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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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