Oregon Public Employees Retirement Fund Boosts Holdings in MaxLinear, Inc. (NYSE:MXL)

Oregon Public Employees Retirement Fund boosted its position in MaxLinear, Inc. (NYSE:MXL) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,306 shares of the semiconductor company’s stock after buying an additional 1,000 shares during the period. Oregon Public Employees Retirement Fund’s holdings in MaxLinear were worth $593,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Primecap Management Co. CA grew its position in MaxLinear by 2.1% in the 1st quarter. Primecap Management Co. CA now owns 4,901,334 shares of the semiconductor company’s stock valued at $125,131,000 after buying an additional 99,190 shares during the last quarter. William Blair Investment Management LLC grew its position in MaxLinear by 1.3% in the 1st quarter. William Blair Investment Management LLC now owns 3,111,276 shares of the semiconductor company’s stock valued at $79,431,000 after buying an additional 40,270 shares during the last quarter. Dimensional Fund Advisors LP grew its position in MaxLinear by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,892,231 shares of the semiconductor company’s stock valued at $33,304,000 after buying an additional 145,776 shares during the last quarter. Norges Bank purchased a new position in MaxLinear in the 4th quarter valued at $23,105,000. Finally, Geode Capital Management LLC grew its position in MaxLinear by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 660,461 shares of the semiconductor company’s stock valued at $11,624,000 after buying an additional 41,128 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

In other news, Chairman Kishore Seendripu sold 21,000 shares of MaxLinear stock in a transaction on Friday, August 9th. The stock was sold at an average price of $20.79, for a total transaction of $436,590.00. Following the completion of the transaction, the chairman now owns 12,466 shares of the company’s stock, valued at approximately $259,168.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael J. Lachance sold 3,495 shares of MaxLinear stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $21.90, for a total value of $76,540.50. Following the transaction, the vice president now directly owns 56,475 shares of the company’s stock, valued at approximately $1,236,802.50. The disclosure for this sale can be found here. Insiders have sold a total of 95,297 shares of company stock valued at $2,054,920 in the last ninety days. Corporate insiders own 9.97% of the company’s stock.

A number of equities analysts recently weighed in on MXL shares. Needham & Company LLC lowered shares of MaxLinear from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Wells Fargo & Co initiated coverage on shares of MaxLinear in a research report on Tuesday, May 14th. They set a “market perform” rating on the stock. Roth Capital decreased their target price on shares of MaxLinear from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 4th. Deutsche Bank set a $25.00 target price on shares of MaxLinear and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, ValuEngine lowered shares of MaxLinear from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. MaxLinear has a consensus rating of “Hold” and an average target price of $20.80.

Shares of NYSE MXL opened at $20.60 on Friday. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 3.60 and a beta of 1.27. MaxLinear, Inc. has a one year low of $14.87 and a one year high of $28.70. The stock’s fifty day moving average is $23.38. The company has a quick ratio of 1.94, a current ratio of 2.58 and a debt-to-equity ratio of 0.59.

MaxLinear (NYSE:MXL) last released its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $82.50 million during the quarter, compared to the consensus estimate of $82.58 million. MaxLinear had a positive return on equity of 7.16% and a negative net margin of 6.09%. The business’s revenue was down 18.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, equities research analysts forecast that MaxLinear, Inc. will post 0.45 earnings per share for the current year.

MaxLinear 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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