Stratos Wealth Partners LTD. acquired a new position in MaxLinear, Inc (NYSE:MXL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,008 shares of the semiconductor company’s stock, valued at approximately $285,000.
Other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC purchased a new stake in shares of MaxLinear in the second quarter worth $134,000. Ameritas Investment Partners Inc. raised its position in shares of MaxLinear by 9.5% in the second 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. D.A. Davidson & CO. raised its position in shares of MaxLinear by 0.9% in the second 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 in the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of MaxLinear in the second quarter worth $192,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of MaxLinear in the second quarter worth $208,000. Institutional investors own 85.55% of the company’s stock.
Shares of MaxLinear, Inc (NYSE:MXL) opened at $26.41 on Monday. MaxLinear, Inc has a 12-month low of $19.22 and a 12-month high of $32.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.58 and a current ratio of 2.23. The firm has a market capitalization of $1,760.00, a PE ratio of 22.77, a price-to-earnings-growth ratio of 1.26 and a beta of 0.47.
MaxLinear (NYSE:MXL) last released its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $115.77 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. equities research analysts forecast that MaxLinear, Inc will post 1.05 EPS for the current fiscal year.
MXL has been the topic of a number of recent analyst reports. BidaskClub downgraded MaxLinear from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded MaxLinear from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Stifel Nicolaus lowered their price objective on MaxLinear from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Roth Capital lowered their price objective on MaxLinear from $38.00 to $33.50 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG lowered their price target on MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. 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 company. The stock currently has an average rating of “Buy” and a consensus price target of $30.36.
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In other MaxLinear news, insider Daniel Omeniuk sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $0.16, for a total transaction of $320,000.00. Company insiders own 11.92% of the company’s stock.
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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