Skandinaviska Enskilda Banken AB publ Sells 19,500 Shares of MaxLinear, Inc. (NYSE:MXL)

Skandinaviska Enskilda Banken AB publ lessened its stake in shares of MaxLinear, Inc. (NYSE:MXL – Get Rating) by 74.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,800 shares of the semiconductor company’s stock after selling 19,500 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in MaxLinear were worth $231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MXL. Invesco Ltd. boosted its position in shares of MaxLinear by 55.8% during the 1st quarter. Invesco Ltd. now owns 1,365,980 shares of the semiconductor company’s stock worth $79,705,000 after purchasing an additional 489,167 shares in the last quarter. BlackRock Inc. boosted its position in shares of MaxLinear by 2.8% during the 1st quarter. BlackRock Inc. now owns 11,193,165 shares of the semiconductor company’s stock worth $653,123,000 after purchasing an additional 300,163 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of MaxLinear by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 8,096,877 shares of the semiconductor company’s stock worth $472,452,000 after purchasing an additional 289,146 shares in the last quarter. Royce & Associates LP bought a new position in shares of MaxLinear during the 3rd quarter worth about $6,481,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of MaxLinear by 11.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,833,556 shares of the semiconductor company’s stock worth $59,811,000 after acquiring an additional 194,477 shares during the last quarter. Institutional investors own 90.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MXL shares. BNP Paribas started coverage on shares of MaxLinear in a report on Tuesday, February 28th. They issued an “underperform” rating and a $30.00 target price on the stock. Needham & Company LLC lowered their target price on shares of MaxLinear from $48.00 to $34.00 in a report on Thursday, April 27th. Northland Securities lowered their target price on shares of MaxLinear from $35.00 to $25.00 in a report on Thursday, April 27th. Craig Hallum lowered their target price on shares of MaxLinear from $55.00 to $37.00 in a report on Thursday, April 27th. Finally, Benchmark lowered their target price on shares of MaxLinear from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.00.

MaxLinear Trading Up 0.2 %

NYSE:MXL opened at $23.98 on Monday. MaxLinear, Inc. has a 52 week low of $23.05 and a 52 week high of $43.66. The firm has a 50-day moving average price of $31.14 and a two-hundred day moving average price of $34.09. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 19.18 and a beta of 1.92. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 1.98.

MaxLinear Company Profile

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MaxLinear, Inc engages in the provision of communications systems-on-chip, or SoC, solutions used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. Its products include cable broadband modems and gateways, wireline connectivity devices, radio frequency transceivers, fiber-optic modules, video set-top boxes and gateways, hybrid analog and digital televisions, direct broadcast satellite outdoor and indoor units, and power management and interface products.