MaxLinear, Inc. (MXL) Shares Bought by Jennison Associates LLC

Jennison Associates LLC boosted its position in shares of MaxLinear, Inc. (NYSE:MXL) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,419,675 shares of the semiconductor company’s stock after purchasing an additional 5,609 shares during the period. Jennison Associates LLC owned 2.07% of MaxLinear worth $28,223,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MXL. Paradigm Capital Management Inc. NY purchased a new position in shares of MaxLinear during the 2nd quarter valued at $16,378,000. BlackRock Inc. grew its holdings in shares of MaxLinear by 11.4% during the 2nd quarter. BlackRock Inc. now owns 8,651,323 shares of the semiconductor company’s stock valued at $134,873,000 after acquiring an additional 888,287 shares in the last quarter. FMR LLC grew its holdings in shares of MaxLinear by 15.7% during the 2nd quarter. FMR LLC now owns 4,205,480 shares of the semiconductor company’s stock valued at $65,563,000 after acquiring an additional 570,185 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of MaxLinear by 23.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,594,339 shares of the semiconductor company’s stock valued at $40,446,000 after acquiring an additional 485,825 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of MaxLinear by 9.8% during the 2nd quarter. Macquarie Group Ltd. now owns 3,834,679 shares of the semiconductor company’s stock valued at $59,783,000 after acquiring an additional 343,563 shares in the last quarter.

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC decreased their price objective on shares of MaxLinear from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. Zacks Investment Research upgraded shares of MaxLinear from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Susquehanna Bancshares cut shares of MaxLinear from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $21.00 to $18.00 in a report on Thursday, October 25th. UBS Group cut shares of MaxLinear from a “positive” rating to a “neutral” rating in a report on Thursday, October 25th. Finally, ValuEngine upgraded shares of MaxLinear from a “strong sell” rating to a “sell” rating in a report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.60.

Shares of NYSE:MXL opened at $18.85 on Friday. The firm has a market capitalization of $1.30 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87. MaxLinear, Inc. has a 1 year low of $14.87 and a 1 year high of $28.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.62 and a quick ratio of 1.99.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The firm had revenue of $85.00 million during the quarter, compared to analysts’ expectations of $85.01 million. MaxLinear had a negative net margin of 11.18% and a positive return on equity of 15.35%. MaxLinear’s revenue for the quarter was down 25.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. As a group, equities analysts anticipate that MaxLinear, Inc. will post 0.67 EPS for the current year.

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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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