MaxLinear, Inc. (MXL) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in MaxLinear, Inc. (NYSE:MXL) by 16.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,356 shares of the semiconductor company’s stock after selling 20,744 shares during the period. California Public Employees Retirement System owned approximately 0.16% of MaxLinear worth $2,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its position in MaxLinear by 0.9% in the second quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 45 shares during the period. Ameritas Investment Partners Inc. lifted its position in MaxLinear by 9.5% in the second quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 460 shares during the period. LS Investment Advisors LLC lifted its position in MaxLinear by 59.4% in the third quarter. LS Investment Advisors LLC now owns 7,638 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 2,846 shares during the period. Pinebridge Investments L.P. acquired a new stake in MaxLinear in the second quarter worth approximately $192,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in MaxLinear in the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 88.59% of the company’s stock.

Shares of MaxLinear, Inc. (NYSE MXL) opened at $25.88 on Wednesday. MaxLinear, Inc. has a 52-week low of $20.38 and a 52-week high of $32.47. The company has a market capitalization of $1,720.00, a price-to-earnings ratio of 99.54 and a beta of 0.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.58 and a current ratio of 2.23.

MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. The company had revenue of $113.58 million during the quarter, compared to the consensus estimate of $115.77 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. sell-side analysts forecast that MaxLinear, Inc. will post 1.05 earnings per share for the current fiscal year.

In other MaxLinear news, VP Brendan Walsh sold 25,018 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $28.00, for a total transaction of $700,504.00. Following the sale, the vice president now directly owns 155,441 shares of the company’s stock, valued at approximately $4,352,348. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel Omeniuk sold 760,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $0.15, for a total transaction of $114,000.00. 11.92% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on MXL shares. Zacks Investment Research upgraded MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $32.00 target price on shares of MaxLinear in a research report on Wednesday, November 8th. Finally, Roth Capital restated a “buy” rating and issued a $33.00 target price on shares of MaxLinear in a research report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. MaxLinear presently has an average rating of “Buy” and an average target price of $31.60.

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MaxLinear 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.

Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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