Quantinno Capital Management LP Grows Stock Holdings in MaxLinear, Inc $MXL

Quantinno Capital Management LP grew its position in MaxLinear, Inc (NASDAQ:MXL – Free Report) by 14.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,858 shares of the semiconductor company’s stock after buying an additional 5,982 shares during the period. Quantinno Capital Management LP’s holdings in MaxLinear were worth $832,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MXL. Larson Financial Group LLC raised its stake in shares of MaxLinear by 161.7% during the 4th 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. Smartleaf Asset Management LLC boosted its stake in MaxLinear by 103.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 726 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in MaxLinear in the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in MaxLinear in the fourth quarter valued at approximately $27,000. Finally, KBC Group NV purchased a new position in MaxLinear in the first quarter worth $35,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.

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Insider Transactions at MaxLinear

In other MaxLinear news, Director Thomas E. Pardun sold 11,000 shares of MaxLinear stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the completion of the sale, the director owned 55,252 shares of the company’s stock, valued at approximately $5,801,460. The trade was a 16.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a research report on Friday, July 17th. Needham & Company LLC raised their price objective on MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Northland Securities set a $110.00 target price on MaxLinear in a research note on Wednesday, June 3rd. Loop Capital raised MaxLinear from a “hold” rating to a “buy” rating and upped their target price for the company from $17.00 to $75.00 in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company increased their price target on MaxLinear from $42.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MaxLinear currently has an average rating of “Hold” and an average price target of $85.00.

Read Our Latest Analysis on MaxLinear

MaxLinear Stock Down 0.1%

NASDAQ:MXL opened at $84.76 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. MaxLinear, Inc has a twelve month low of $12.77 and a twelve month high of $128.30. The company has a market cap of $7.69 billion, a PE ratio of -71.23 and a beta of 3.96. The company’s 50 day moving average is $82.95 and its two-hundred day moving average is $55.90.

MaxLinear (NASDAQ:MXL – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $168.85 million during the quarter, compared to the consensus estimate of $164.64 million. MaxLinear had a negative net margin of 18.24% and a positive return on equity of 2.24%. The business’s revenue for the quarter was up 55.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. Analysts anticipate that MaxLinear, Inc will post 0.78 EPS for the current year.

About MaxLinear

(Free Report)

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.

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