MaxLinear, Inc. (NYSE:MXL) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its position in shares of MaxLinear, Inc. (NYSE:MXL) by 8.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,434 shares of the semiconductor company’s stock after selling 915 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in MaxLinear were worth $190,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of MaxLinear by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 12,253,823 shares of the semiconductor company’s stock valued at $228,779,000 after purchasing an additional 667,550 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of MaxLinear by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,535,449 shares of the semiconductor company’s stock valued at $51,064,000 after purchasing an additional 128,585 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of MaxLinear by 10.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,071,183 shares of the semiconductor company’s stock valued at $41,714,000 after purchasing an additional 192,021 shares during the last quarter. Jennison Associates LLC grew its stake in shares of MaxLinear by 2.7% in the 1st quarter. Jennison Associates LLC now owns 533,416 shares of the semiconductor company’s stock valued at $9,959,000 after purchasing an additional 14,111 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of MaxLinear by 58.0% in the 1st quarter. BNP Paribas Financial Markets now owns 265,567 shares of the semiconductor company’s stock valued at $4,958,000 after purchasing an additional 97,447 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

Insider Transactions at MaxLinear

In related news, CEO Kishore Seendripu purchased 108,303 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average cost of $12.94 per share, with a total value of $1,401,440.82. Following the completion of the acquisition, the chief executive officer now directly owns 531,937 shares in the company, valued at approximately $6,883,264.78. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MXL has been the topic of several analyst reports. Craig Hallum lowered their target price on MaxLinear from $38.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Stifel Nicolaus lifted their target price on MaxLinear from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Needham & Company LLC downgraded MaxLinear from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Northland Securities decreased their price target on MaxLinear from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Susquehanna decreased their price target on MaxLinear from $30.00 to $26.00 and set a “positive” rating on the stock in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, MaxLinear has an average rating of “Hold” and an average target price of $24.67.

MaxLinear Stock Down 0.7 %

MXL opened at $15.20 on Monday. The business’s fifty day moving average is $13.91 and its two-hundred day moving average is $17.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 2.09. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -8.04 and a beta of 1.84. MaxLinear, Inc. has a one year low of $11.08 and a one year high of $26.59.

MaxLinear (NYSE:MXL) last posted its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). MaxLinear had a negative return on equity of 12.39% and a negative net margin of 42.38%. The firm had revenue of $92.00 million for the quarter, compared to analysts’ expectations of $100.25 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The firm’s revenue for the quarter was down 50.0% compared to the same quarter last year. Analysts anticipate that MaxLinear, Inc. will post -1.6 EPS for the current fiscal year.

MaxLinear Company Profile

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.