MaxLinear, Inc (NYSE:MXL) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 4,861,911 shares, a growth of 56.5% from the August 15th total of 3,107,194 shares. Approximately 8.0% of the company’s stock are short sold. Based on an average trading volume of 878,863 shares, the days-to-cover ratio is presently 5.5 days.

Shares of MaxLinear (NYSE:MXL) opened at 23.22 on Tuesday. The firm’s 50-day moving average is $22.49 and its 200 day moving average is $26.82. MaxLinear has a 12 month low of $18.26 and a 12 month high of $32.47. The company has a market capitalization of $1.55 billion, a PE ratio of 41.99 and a beta of 0.61.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $104.18 million during the quarter, compared to analysts’ expectations of $107.77 million. MaxLinear had a net margin of 9.95% and a return on equity of 22.29%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. Equities research analysts predict that MaxLinear will post $1.39 EPS for the current year.

Several equities research analysts recently commented on MXL shares. Stifel Nicolaus boosted their price objective on shares of MaxLinear from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, July 4th. Deutsche Bank AG cut their price target on shares of MaxLinear from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. BidaskClub cut shares of MaxLinear from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Needham & Company LLC boosted their price target on shares of MaxLinear from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research cut shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $31.36.

Several hedge funds and other institutional investors have recently modified their holdings of MXL. BlackRock Inc. lifted its position in shares of MaxLinear by 94.6% during the second quarter. BlackRock Inc. now owns 6,503,231 shares of the semiconductor company’s stock valued at $181,375,000 after purchasing an additional 3,160,655 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of MaxLinear by 23.5% during the second quarter. Vanguard Group Inc. now owns 5,095,203 shares of the semiconductor company’s stock valued at $142,105,000 after purchasing an additional 970,197 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of MaxLinear by 8.5% during the first quarter. Wellington Management Group LLP now owns 4,321,928 shares of the semiconductor company’s stock valued at $121,229,000 after purchasing an additional 339,530 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of MaxLinear by 750.3% during the first quarter. William Blair Investment Management LLC now owns 3,752,779 shares of the semiconductor company’s stock valued at $105,265,000 after purchasing an additional 3,311,413 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of MaxLinear by 4.1% during the second quarter. Macquarie Group Ltd. now owns 2,680,745 shares of the semiconductor company’s stock valued at $74,766,000 after purchasing an additional 105,484 shares in the last quarter. Hedge funds and other institutional investors own 85.52% of the company’s stock.

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MaxLinear Company Profile

MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.

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