MaxLinear, Inc. (MXL) Holdings Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in MaxLinear, Inc. (NYSE:MXL) by 29.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,300 shares of the semiconductor company’s stock after selling 53,940 shares during the quarter. Victory Capital Management Inc. owned about 0.18% of MaxLinear worth $2,240,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can boosted its holdings in shares of MaxLinear by 37.3% in the fourth quarter. Bank of Montreal Can now owns 3,728 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 1,013 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of MaxLinear in the third quarter valued at approximately $205,000. Riverhead Capital Management LLC boosted its holdings in shares of MaxLinear by 68.8% in the third quarter. Riverhead Capital Management LLC now owns 10,800 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 4,400 shares during the period. Captrust Financial Advisors acquired a new stake in shares of MaxLinear in the third quarter valued at approximately $226,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of MaxLinear in the third quarter valued at approximately $239,000. 94.87% of the stock is owned by institutional investors and hedge funds.

MXL stock opened at $25.14 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.56 and a quick ratio of 1.97. MaxLinear, Inc. has a twelve month low of $14.87 and a twelve month high of $26.03. The company has a market capitalization of $1.64 billion, a PE ratio of 32.23, a PEG ratio of 1.53 and a beta of 1.00.

MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. MaxLinear had a positive return on equity of 11.90% and a negative net margin of 6.80%. The firm had revenue of $87.63 million during the quarter, compared to the consensus estimate of $87.00 million. During the same period last year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. On average, sell-side analysts predict that MaxLinear, Inc. will post 0.77 EPS for the current year.

In related news, Director Albert J. Moyer sold 34,575 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $22.79, for a total transaction of $787,964.25. Following the completion of the sale, the director now directly owns 89,283 shares of the company’s stock, valued at $2,034,759.57. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Connie H. Kwong sold 2,093 shares of the stock in a transaction on Friday, February 8th. The stock was sold at an average price of $21.70, for a total value of $45,418.10. Following the sale, the insider now directly owns 9,161 shares of the company’s stock, valued at $198,793.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,743 shares of company stock valued at $2,483,144. Corporate insiders own 11.47% of the company’s stock.

Several equities research analysts have recently weighed in on MXL shares. ValuEngine raised MaxLinear from a “hold” rating to a “buy” rating in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of MaxLinear in a report on Wednesday, November 14th. JPMorgan Chase & Co. started coverage on MaxLinear in a report on Friday, January 4th. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research downgraded MaxLinear from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $21.83.

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About MaxLinear

MaxLinear, Inc provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

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Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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