10,294 Shares in MaxLinear, Inc (MXL) Purchased by Profund Advisors LLC

Profund Advisors LLC purchased a new position in MaxLinear, Inc (NYSE:MXL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,294 shares of the semiconductor company’s stock, valued at approximately $287,000.

Other large investors also recently modified their holdings of the company. LS Investment Advisors LLC bought a new position in shares of MaxLinear in the 2nd quarter worth $134,000. Ameritas Investment Partners Inc. bought a new position in shares of MaxLinear in the 1st quarter worth $135,000. Envestnet Asset Management Inc. increased its holdings in shares of MaxLinear by 10.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,404 shares of the semiconductor company’s stock worth $179,000 after buying an additional 624 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of MaxLinear in the 1st quarter worth $212,000. Finally, Karp Capital Management Corp bought a new position in shares of MaxLinear during the 1st quarter valued at $217,000. 85.52% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. Needham & Company LLC reduced 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. BidaskClub lowered shares of MaxLinear from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Stifel Nicolaus increased their target price on shares of MaxLinear from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. Deutsche Bank AG reduced 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. Finally, Roth Capital reduced their target price on shares of MaxLinear from $38.00 to $33.50 and set a “buy” rating on the stock in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.42.

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Shares of MaxLinear, Inc (NYSE MXL) opened at 23.54 on Tuesday. The firm’s 50-day moving average is $22.48 and its 200 day moving average is $26.49. The stock has a market cap of $1.53 billion, a PE ratio of 25.87 and a beta of 0.58. MaxLinear, Inc has a 12 month low of $18.26 and a 12 month high of $32.47.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04. MaxLinear had a net margin of 9.95% and a return on equity of 22.29%. The business had revenue of $104.18 million for the quarter, compared to analysts’ expectations of $107.77 million. During the same quarter in the previous year, the business posted $0.50 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts predict that MaxLinear, Inc will post $1.39 EPS for the current year.

MaxLinea

Other large investors also recently modified their holdings of the company. LS Investment Advisors LLC bought a new position in shares of MaxLinear in the 2nd quarter worth $134,000. Ameritas Investment Partners Inc. bought a new position in shares of MaxLinear in the 1st quarter worth $135,000. Envestnet Asset Management Inc. increased its holdings in shares of MaxLinear by 10.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,404 shares of the semiconductor company’s stock worth $179,000 after buying an additional 624 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of MaxLinear in the 1st quarter worth $212,000. Finally, Karp Capital Management Corp bought a new position in shares of MaxLinear during the 1st quarter valued at $217,000. 85.52% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. Needham & Company LLC reduced 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. BidaskClub lowered shares of MaxLinear from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Stifel Nicolaus increased their target price on shares of MaxLinear from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. Deutsche Bank AG reduced 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. Finally, Roth Capital reduced their target price on shares of MaxLinear from $38.00 to $33.50 and set a “buy” rating on the stock in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.42.

COPYRIGHT VIOLATION NOTICE: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/10/10294-shares-in-maxlinear-inc-mxl-purchased-by-profund-advisors-llc.html.

Shares of MaxLinear, Inc (NYSE MXL) opened at 23.54 on Tuesday. The firm’s 50-day moving average is $22.48 and its 200 day moving average is $26.49. The stock has a market cap of $1.53 billion, a PE ratio of 25.87 and a beta of 0.58. MaxLinear, Inc has a 12 month low of $18.26 and a 12 month high of $32.47.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04. MaxLinear had a net margin of 9.95% and a return on equity of 22.29%. The business had revenue of $104.18 million for the quarter, compared to analysts’ expectations of $107.77 million. During the same quarter in the previous year, the business posted $0.50 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts predict that MaxLinear, Inc will post $1.39 EPS for the current year.

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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