New York State Teachers Retirement System Reduces Holdings in MaxLinear, Inc. (NYSE:MXL)

New York State Teachers Retirement System lowered its stake in shares of MaxLinear, Inc. (NYSE:MXL) by 15.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,637 shares of the semiconductor company’s stock after selling 11,708 shares during the quarter. New York State Teachers Retirement System’s holdings in MaxLinear were worth $1,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors lifted its position in MaxLinear by 2.8% during the second quarter. Captrust Financial Advisors now owns 12,636 shares of the semiconductor company’s stock valued at $429,000 after buying an additional 340 shares during the period. Rockefeller Capital Management L.P. lifted its position in MaxLinear by 13.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,798 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 436 shares during the period. XTX Topco Ltd boosted 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 acquiring an additional 492 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in MaxLinear by 7.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,299 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 548 shares during the period. Finally, IMA Wealth Inc. increased its stake in shares of MaxLinear by 1.7% during the first quarter. IMA Wealth Inc. now owns 37,928 shares of the semiconductor company’s stock valued at $1,335,000 after purchasing an additional 622 shares in the last quarter. 90.79% of the stock is owned by institutional investors.

MaxLinear Price Performance

Shares of MXL opened at $20.56 on Thursday. The firm has a fifty day simple moving average of $19.76 and a two-hundred day simple moving average of $20.00. The firm has a market cap of $1.68 billion, a PE ratio of -23.10 and a beta of 1.98. The company has a current ratio of 2.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18. MaxLinear, Inc. has a 1-year low of $13.43 and a 1-year high of $35.09.

MaxLinear (NYSE:MXL) last posted its earnings results on Wednesday, January 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.17). MaxLinear had a positive return on equity of 4.77% and a negative net margin of 10.55%. The company had revenue of $125.35 million for the quarter, compared to the consensus estimate of $125.06 million. On average, equities analysts anticipate that MaxLinear, Inc. will post -0.8 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Benchmark upped their price target on MaxLinear from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday. Needham & Company LLC cut their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Wells Fargo & Company lowered MaxLinear from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Northland Securities raised shares of MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Thursday, April 4th. Finally, StockNews.com raised shares of MaxLinear from a “sell” rating to a “hold” rating in a report on Thursday, February 29th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, MaxLinear has an average rating of “Hold” and an average price target of $26.09.

About MaxLinear

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.