New York State Teachers Retirement System Has $732,000 Holdings in MaxLinear, Inc (MXL)

New York State Teachers Retirement System cut its position in MaxLinear, Inc (NYSE:MXL) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,801 shares of the semiconductor company’s stock after selling 5,600 shares during the period. New York State Teachers Retirement System’s holdings in MaxLinear were worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in MaxLinear by 84.0% in the third quarter. Victory Capital Management Inc. now owns 92,402 shares of the semiconductor company’s stock worth $2,195,000 after purchasing an additional 42,170 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in MaxLinear in the third quarter worth $436,000. New England Research & Management Inc. raised its holdings in MaxLinear by 124.4% in the third quarter. New England Research & Management Inc. now owns 62,050 shares of the semiconductor company’s stock worth $1,474,000 after purchasing an additional 34,400 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in MaxLinear by 23.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,671,325 shares of the semiconductor company’s stock worth $39,694,000 after purchasing an additional 315,100 shares during the period. Finally, Nationwide Fund Advisors raised its holdings in MaxLinear by 50.9% in the third quarter. Nationwide Fund Advisors now owns 97,188 shares of the semiconductor company’s stock worth $2,308,000 after purchasing an additional 32,785 shares during the period. Institutional investors own 84.71% of the company’s stock.

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MXL has been the topic of several analyst reports. Needham & Company LLC cut their target price on shares of MaxLinear from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, July 17th. Deutsche Bank AG cut their target price 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. BidaskClub lowered shares of MaxLinear from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research lowered shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus cut their target price on shares of MaxLinear from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. One 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 company. MaxLinear has an average rating of “Buy” and a consensus target price of $30.36.

Shares of MaxLinear, Inc (MXL) opened at $26.00 on Tuesday. MaxLinear, Inc has a twelve month low of $19.22 and a twelve month high of $32.47. The company has a current ratio of 2.23, a quick ratio of 1.58 and a debt-to-equity ratio of 0.93. The company has a market cap of $1,738.23, a price-to-earnings ratio of 22.38, a P/E/G ratio of 1.24 and a beta of 0.47.

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

In related news, insider Daniel Omeniuk acquired 250,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were acquired at an average cost of $0.19 per share, for a total transaction of $47,500.00. Company insiders own 11.92% of the company’s stock.

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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Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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