Victory Capital Management Inc. Sells 1,469 Shares of MaxLinear, Inc. (NYSE:MXL)

Victory Capital Management Inc. trimmed its position in MaxLinear, Inc. (NYSE:MXL – Get Rating) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,500 shares of the semiconductor company’s stock after selling 1,469 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of MaxLinear worth $2,437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in MaxLinear by 1.3% during the 3rd quarter. BlackRock Inc. now owns 12,172,278 shares of the semiconductor company’s stock worth $397,060,000 after purchasing an additional 161,157 shares in the last quarter. Vanguard Group Inc. increased its holdings in MaxLinear by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 8,946,380 shares of the semiconductor company’s stock worth $291,830,000 after purchasing an additional 97,089 shares in the last quarter. State Street Corp increased its holdings in MaxLinear by 5.7% during the 3rd quarter. State Street Corp now owns 3,214,893 shares of the semiconductor company’s stock worth $104,870,000 after purchasing an additional 173,826 shares in the last quarter. Macquarie Group Ltd. increased its holdings in MaxLinear by 1.2% during the 3rd quarter. Macquarie Group Ltd. now owns 2,269,574 shares of the semiconductor company’s stock worth $74,078,000 after purchasing an additional 27,923 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in MaxLinear by 11.9% during 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 purchasing an additional 194,477 shares in the last quarter. 90.26% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages have recently weighed in on MXL. Northland Securities cut their target price on MaxLinear from $35.00 to $25.00 in a research note on Thursday, April 27th. Stifel Nicolaus cut their target price on MaxLinear from $48.00 to $42.00 in a research note on Thursday, April 27th. Needham & Company LLC cut their target price on MaxLinear from $48.00 to $34.00 in a research note on Thursday, April 27th. Loop Capital cut their target price on MaxLinear from $60.00 to $40.00 in a research note on Monday, May 1st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on MaxLinear from $48.00 to $40.00 in a research note on Thursday, April 27th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

MaxLinear Trading Up 4.4 %

NYSE:MXL opened at $29.72 on Tuesday. The company has a market cap of $2.38 billion, a P/E ratio of 23.78 and a beta of 1.92. MaxLinear, Inc. has a 1 year low of $23.05 and a 1 year high of $43.66. The stock’s fifty day moving average price is $29.74 and its two-hundred day moving average price is $33.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.98 and a quick ratio of 1.48.

MaxLinear 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.

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