California State Teachers Retirement System Decreases Stake in MaxLinear, Inc. (MXL)

California State Teachers Retirement System lowered its position in shares of MaxLinear, Inc. (NYSE:MXL) by 9.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 96,368 shares of the semiconductor company’s stock after selling 10,311 shares during the quarter. California State Teachers Retirement System owned about 0.14% of MaxLinear worth $2,289,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of MXL. BlackRock Inc. lifted its position in MaxLinear by 94.6% during the 2nd quarter. BlackRock Inc. now owns 6,503,231 shares of the semiconductor company’s stock worth $181,375,000 after acquiring an additional 3,160,655 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in MaxLinear by 30.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 37,159 shares of the semiconductor company’s stock worth $1,036,000 after acquiring an additional 8,601 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in MaxLinear by 7.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 242,533 shares of the semiconductor company’s stock worth $6,765,000 after acquiring an additional 15,960 shares in the last quarter. Nicholas Investment Partners LP lifted its position in MaxLinear by 54.3% during the 2nd quarter. Nicholas Investment Partners LP now owns 124,476 shares of the semiconductor company’s stock worth $3,473,000 after acquiring an additional 43,813 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in MaxLinear by 84.0% during the 3rd quarter. Victory Capital Management Inc. now owns 92,402 shares of the semiconductor company’s stock worth $2,195,000 after acquiring an additional 42,170 shares in the last quarter. Institutional investors and hedge funds own 88.59% of the company’s stock.

In other MaxLinear news, insider Daniel Omeniuk sold 760,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $0.15, for a total value of $114,000.00. Also, VP Brendan Walsh sold 25,018 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $28.00, for a total value of $700,504.00. Following the completion of the transaction, the vice president now directly owns 155,441 shares in the company, valued at $4,352,348. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,785,018 shares of company stock worth $1,134,504. 11.92% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on the company. Zacks Investment Research lowered MaxLinear from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Roth Capital reissued a “buy” rating and set a $33.00 price target on shares of MaxLinear in a research report on Friday, December 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $32.00 price target on shares of MaxLinear in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $31.60.

MaxLinear, Inc. (NYSE:MXL) opened at $26.78 on Tuesday. MaxLinear, Inc. has a 52-week low of $20.38 and a 52-week high of $32.47. The company has a market capitalization of $1,780.00, a P/E ratio of 103.00 and a beta of 0.47. The company has a current ratio of 2.23, a quick ratio of 1.58 and a debt-to-equity ratio of 0.93.

MaxLinear (NYSE:MXL) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share (EPS) 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 company had revenue of $113.58 million for the quarter, compared to analyst estimates of $115.77 million. During the same period in the prior year, the company posted $0.43 EPS. MaxLinear’s quarterly revenue was up 17.9% on a year-over-year basis. analysts predict that MaxLinear, Inc. will post 1.05 earnings per share for the current fiscal year.

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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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