Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 6,468 Shares of MaxLinear, Inc. (NYSE:MXL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in MaxLinear, Inc. (NYSE:MXL) by 8.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,176 shares of the semiconductor company’s stock after purchasing an additional 6,468 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.10% of MaxLinear worth $2,625,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors grew its stake in MaxLinear by 2.8% during the second quarter. Captrust Financial Advisors now owns 12,636 shares of the semiconductor company’s stock worth $429,000 after buying an additional 340 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in MaxLinear by 13.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,798 shares of the semiconductor company’s stock worth $128,000 after buying an additional 436 shares in the last quarter. XTX Topco Ltd grew its stake in MaxLinear by 5.2% during the first quarter. XTX Topco Ltd now owns 9,995 shares of the semiconductor company’s stock worth $352,000 after buying an additional 492 shares in the last quarter. Raymond James & Associates grew its stake in MaxLinear by 3.0% during the first quarter. Raymond James & Associates now owns 17,122 shares of the semiconductor company’s stock worth $603,000 after buying an additional 498 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in MaxLinear by 7.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,299 shares of the semiconductor company’s stock worth $292,000 after buying an additional 548 shares in the last quarter. Institutional investors own 87.65% of the company’s stock.

MaxLinear Stock Up 4.8 %

MaxLinear stock opened at $18.45 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 2.18 and a debt-to-equity ratio of 0.17. MaxLinear, Inc. has a 12-month low of $13.43 and a 12-month high of $43.66. The firm’s fifty day moving average is $19.77 and its 200 day moving average is $24.64. The company has a market capitalization of $1.50 billion, a PE ratio of -449.89 and a beta of 1.95.

MaxLinear (NYSE:MXL) last released its earnings results on Wednesday, October 25th. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.23. MaxLinear had a negative net margin of 0.42% and a positive return on equity of 16.19%. The company had revenue of $135.53 million for the quarter, compared to the consensus estimate of $140.11 million. As a group, sell-side analysts predict that MaxLinear, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of MaxLinear from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a research note on Thursday, October 19th. Roth Mkm cut shares of MaxLinear from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $18.00 in a report on Thursday, October 26th. Stifel Nicolaus dropped their target price on shares of MaxLinear from $33.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Craig Hallum cut shares of MaxLinear from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a report on Thursday, July 27th. Finally, Susquehanna dropped their target price on shares of MaxLinear from $40.00 to $30.00 and set a “positive” rating for the company in a report on Tuesday, October 24th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.36.

MaxLinear Profile

MaxLinear, Inc engages in the provision of communications systems-on-chip solutions for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. Its products integrate various portions of a high-speed communication system, including radiofrequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.