Kopp Investment Advisors LLC boosted its holdings in shares of MaxLinear, Inc. (NYSE:MXL) by 78.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,352 shares of the semiconductor company’s stock after acquiring an additional 50,160 shares during the period. MaxLinear accounts for about 3.0% of Kopp Investment Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Kopp Investment Advisors LLC owned about 0.17% of MaxLinear worth $3,021,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jennison Associates LLC increased its stake in MaxLinear by 12.2% during the 4th quarter. Jennison Associates LLC now owns 953,709 shares of the semiconductor company’s stock valued at $25,197,000 after purchasing an additional 103,970 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in MaxLinear by 7.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 81,962 shares of the semiconductor company’s stock valued at $1,962,000 after purchasing an additional 5,784 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in MaxLinear by 7.9% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,050,140 shares of the semiconductor company’s stock valued at $24,941,000 after purchasing an additional 77,180 shares in the last quarter. Victory Capital Management Inc. increased its stake in MaxLinear by 84.0% during the 3rd quarter. Victory Capital Management Inc. now owns 92,402 shares of the semiconductor company’s stock valued at $2,195,000 after purchasing an additional 42,170 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in MaxLinear by 8.6% during the 3rd quarter. Rhumbline Advisers now owns 118,673 shares of the semiconductor company’s stock valued at $2,818,000 after purchasing an additional 9,373 shares in the last quarter. 89.71% of the stock is owned by institutional investors.
In other news, insider Curtis Ling sold 22,321 shares of MaxLinear stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $22.90, for a total value of $511,150.90. Following the completion of the sale, the insider now directly owns 912,117 shares in the company, valued at $20,887,479.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brendan Walsh sold 25,018 shares of MaxLinear stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $28.00, for a total transaction of $700,504.00. Following the completion of the sale, the vice president now owns 155,441 shares of the company’s stock, valued at $4,352,348. The disclosure for this sale can be found here. Insiders sold 97,339 shares of company stock valued at $2,379,405 over the last quarter. Company insiders own 11.92% of the company’s stock.
Shares of MaxLinear, Inc. (NYSE MXL) opened at $25.12 on Monday. MaxLinear, Inc. has a 12 month low of $20.38 and a 12 month high of $32.47. The company has a market cap of $1,680.00, a P/E ratio of -125.60 and a beta of 0.54. The company has a quick ratio of 1.94, a current ratio of 2.64 and a debt-to-equity ratio of 0.90.
MaxLinear (NYSE:MXL) last announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. MaxLinear had a negative net margin of 2.19% and a positive return on equity of 20.70%. The firm had revenue of $113.72 million during the quarter, compared to analyst estimates of $114.01 million. research analysts anticipate that MaxLinear, Inc. will post 1.26 EPS for the current fiscal year.
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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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