Geode Capital Management LLC Has $11.62 Million Stake in MaxLinear, Inc. (MXL)

Geode Capital Management LLC raised its position in MaxLinear, Inc. (NYSE:MXL) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 660,461 shares of the semiconductor company’s stock after purchasing an additional 41,128 shares during the quarter. Geode Capital Management LLC owned 0.96% of MaxLinear worth $11,624,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of MaxLinear by 46.4% in the third quarter. JPMorgan Chase & Co. now owns 18,590 shares of the semiconductor company’s stock worth $370,000 after purchasing an additional 5,892 shares during the period. Bank of New York Mellon Corp raised its stake in shares of MaxLinear by 12.6% in the third quarter. Bank of New York Mellon Corp now owns 769,928 shares of the semiconductor company’s stock valued at $15,306,000 after acquiring an additional 86,177 shares during the period. BlackRock Inc. raised its stake in shares of MaxLinear by 3.9% in the third quarter. BlackRock Inc. now owns 8,991,543 shares of the semiconductor company’s stock valued at $178,751,000 after acquiring an additional 340,220 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of MaxLinear by 16.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,746,455 shares of the semiconductor company’s stock worth $34,719,000 after purchasing an additional 250,030 shares during the last quarter. Finally, Riverhead Capital Management LLC grew 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 worth $215,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

MaxLinear stock traded up $1.07 during trading on Friday, reaching $26.14. The company had a trading volume of 440,455 shares, compared to its average volume of 529,865. MaxLinear, Inc. has a 1-year low of $14.87 and a 1-year high of $28.70. The stock has a market capitalization of $1.82 billion, a P/E ratio of 33.51, a P/E/G ratio of 1.75 and a beta of 1.16. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 2.56.

MaxLinear (NYSE:MXL) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. MaxLinear had a negative net margin of 6.80% and a positive return on equity of 11.90%. The firm had revenue of $84.64 million for the quarter, compared to analysts’ expectations of $84.44 million. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was down 23.6% compared to the same quarter last year. Sell-side analysts predict that MaxLinear, Inc. will post 0.77 EPS for the current year.

Several research analysts have issued reports on MXL shares. ValuEngine upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Needham & Company LLC restated a “buy” rating on shares of MaxLinear in a report on Wednesday, February 6th. Zacks Investment Research raised shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. assumed coverage on shares of MaxLinear in a research report on Friday, January 4th. They issued a “neutral” rating and a $18.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.83.

In other MaxLinear news, insider Connie H. Kwong sold 2,093 shares of the business’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $21.70, for a total transaction of $45,418.10. Following the sale, the insider now directly owns 9,161 shares in the company, valued at $198,793.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald E. Schrock sold 34,575 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $25.36, for a total transaction of $876,822.00. Following the sale, the director now owns 76,278 shares in the company, valued at $1,934,410.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,818 shares of company stock worth $2,077,341. Insiders own 9.97% of the company’s stock.

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MaxLinear Company Profile

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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