Quantinno Capital Management LP Acquires 5,982 Shares of MaxLinear, Inc $MXL

Quantinno Capital Management LP grew its stake in shares of MaxLinear, Inc (NASDAQ:MXL) by 14.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,858 shares of the semiconductor company’s stock after purchasing an additional 5,982 shares during the quarter. Quantinno Capital Management LP owned approximately 0.05% of MaxLinear worth $832,000 at the end of the most recent quarter.

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

MaxLinear Price Performance

Shares of MXL opened at $84.76 on Tuesday. The company has a 50 day moving average price of $82.95 and a 200-day moving average price of $55.90. MaxLinear, Inc has a fifty-two week low of $12.77 and a fifty-two week high of $128.30. The stock has a market capitalization of $7.69 billion, a PE ratio of -71.23 and a beta of 3.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 1.78.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $168.85 million for the quarter, compared to analyst estimates of $164.64 million. MaxLinear had a negative net margin of 18.24% and a positive return on equity of 2.24%. MaxLinear’s revenue was up 55.2% compared to the same quarter last year. During the same period last year, the company posted $0.02 earnings per share. Equities analysts predict that MaxLinear, Inc will post 0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on MXL. Wall Street Zen upgraded MaxLinear from a “hold” rating to a “buy” rating in a report on Sunday, July 26th. Loop Capital raised MaxLinear from a “hold” rating to a “buy” rating and lifted their target price for the company from $17.00 to $75.00 in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MaxLinear in a report on Friday, July 17th. Susquehanna upped their target price on MaxLinear from $45.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $40.00 price target on shares of MaxLinear in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $85.00.

Insider Transactions at MaxLinear

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

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.