MaxLinear, Inc $MXL Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of MaxLinear, Inc (NASDAQ:MXL) by 7.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,689,692 shares of the semiconductor company’s stock after acquiring an additional 113,058 shares during the quarter. Dimensional Fund Advisors LP’s holdings in MaxLinear were worth $29,376,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Captrust Financial Advisors increased its stake in MaxLinear by 4.3% in the 4th quarter. Captrust Financial Advisors now owns 14,074 shares of the semiconductor company’s stock worth $245,000 after purchasing an additional 577 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in MaxLinear by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 45,677 shares of the semiconductor company’s stock valued at $795,000 after buying an additional 632 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of MaxLinear by 4.3% in the fourth quarter. ProShare Advisors LLC now owns 16,048 shares of the semiconductor company’s stock worth $280,000 after buying an additional 664 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of MaxLinear by 103.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock worth $25,000 after buying an additional 726 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of MaxLinear by 161.7% in the fourth quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 875 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

MaxLinear Stock Up 8.4%

MXL opened at $72.72 on Wednesday. MaxLinear, Inc has a 1-year low of $12.77 and a 1-year high of $128.30. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of -61.11 and a beta of 3.95. The business has a 50 day moving average of $85.79 and a 200-day moving average of $52.39.

MaxLinear (NASDAQ:MXL) last announced its earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. MaxLinear had a negative net margin of 18.24% and a positive return on equity of 2.24%. The business had revenue of $168.85 million for the quarter, compared to analyst estimates of $164.64 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. MaxLinear’s revenue was up 55.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that MaxLinear, Inc will post 0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MXL shares. Roth Capital boosted their price target on shares of MaxLinear from $60.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 24th. Susquehanna raised their price objective on shares of MaxLinear from $45.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Stifel Nicolaus lifted their price objective on shares of MaxLinear from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Loop Capital raised shares of MaxLinear from a “hold” rating to a “buy” rating and boosted their target price for the company from $17.00 to $75.00 in a research note on Wednesday, April 29th. Finally, Northland Securities set a $110.00 target price on MaxLinear in a report on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, MaxLinear currently has an average rating of “Hold” and an average target price of $85.00.

Insider Buying and Selling at MaxLinear

In other news, Director Thomas E. Pardun sold 11,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the completion of the transaction, the director owned 55,252 shares of the company’s stock, valued at approximately $5,801,460. This represents a 16.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Connie H. Kwong sold 35,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $96.96, for a total transaction of $3,393,600.00. Following the completion of the sale, the insider owned 13,947 shares of the company’s stock, valued at approximately $1,352,301.12. The trade was a 71.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 7.70% of the company’s stock.

MaxLinear Company Profile

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.