UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $21.46 Million Holdings in MaxLinear, Inc $MXL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of MaxLinear, Inc (NASDAQ:MXL) by 8.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,630 shares of the semiconductor company’s stock after acquiring an additional 13,505 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MaxLinear were worth $21,462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MXL. Pure Financial Advisors LLC bought a new stake in MaxLinear during the 4th quarter valued at $1,424,000. HighTower Advisors LLC raised its holdings in MaxLinear by 1.7% during the fourth quarter. HighTower Advisors LLC now owns 656,319 shares of the semiconductor company’s stock worth $11,440,000 after buying an additional 10,948 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in shares of MaxLinear in the fourth quarter valued at $190,000. Assenagon Asset Management S.A. lifted its stake in shares of MaxLinear by 110.9% in the second quarter. Assenagon Asset Management S.A. now owns 221,266 shares of the semiconductor company’s stock valued at $28,329,000 after buying an additional 116,339 shares in the last quarter. Finally, AIGH Capital Management LLC acquired a new position in shares of MaxLinear during the second quarter valued at about $104,729,000. 90.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MXL shares. Wells Fargo & Company boosted their target price on shares of MaxLinear from $42.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Stifel Nicolaus lifted their price target on MaxLinear from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Susquehanna boosted their price objective on MaxLinear from $45.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Wall Street Zen raised MaxLinear from a “hold” rating to a “buy” rating in a report on Sunday, July 26th. Finally, Benchmark began coverage on MaxLinear in a research note on Wednesday, May 27th. They issued a “buy” rating and a $125.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.00.

Insider Activity at MaxLinear

In other MaxLinear news, CEO Kishore Seendripu sold 351,454 shares of MaxLinear stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $85.95, for a total transaction of $30,207,471.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 7.70% of the stock is currently owned by corporate insiders.

MaxLinear Stock Performance

Shares of MXL stock opened at $62.74 on Friday. The firm has a 50-day moving average of $76.61 and a 200-day moving average of $60.05. The company has a market cap of $5.69 billion, a P/E ratio of -52.72 and a beta of 3.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.78 and a quick ratio of 1.15. MaxLinear, Inc has a one year low of $12.77 and a one year high of $128.30.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $164.64 million. During the same period in the previous year, the company earned $0.02 earnings per share. The firm’s revenue for the quarter was up 55.2% compared to the same quarter last year. Equities research analysts forecast that MaxLinear, Inc will post 0.78 EPS for the current fiscal year.

About MaxLinear

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.