MaxLinear, Inc. (NYSE:MXL) Shares Bought by Cipher Capital LP

Cipher Capital LP boosted its position in MaxLinear, Inc. (NYSE:MXL - Get Rating) by 114.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,661 shares of the semiconductor company's stock after purchasing an additional 14,741 shares during the period. Cipher Capital LP's holdings in MaxLinear were worth $939,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of MaxLinear by 55.8% during the first quarter. Invesco Ltd. now owns 1,365,980 shares of the semiconductor company's stock valued at $79,705,000 after purchasing an additional 489,167 shares during the last quarter. American Century Companies Inc. increased its holdings in MaxLinear by 898.8% in the fourth quarter. American Century Companies Inc. now owns 410,375 shares of the semiconductor company's stock worth $13,932,000 after buying an additional 369,290 shares during the last quarter. BlackRock Inc. raised its holdings 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 valued at $653,123,000 after purchasing an additional 300,163 shares in the last quarter. Vanguard Group Inc. raised its holdings in MaxLinear by 3.7% during the first quarter. Vanguard Group Inc. now owns 8,096,877 shares of the semiconductor company's stock valued at $472,452,000 after buying an additional 289,146 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in 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 purchasing an additional 194,477 shares during the last quarter. Institutional investors and hedge funds own 90.26% of the company's stock.

MXL has been the subject of a number of research analyst reports. BNP Paribas raised shares of MaxLinear from an "underperform" rating to a "neutral" rating and set a $30.00 target price for the company in a research report on Friday, May 19th. Loop Capital decreased their price target on shares of MaxLinear from $60.00 to $40.00 in a research report on Monday, May 1st. Needham & Company LLC dropped their price objective on shares of MaxLinear from $48.00 to $34.00 in a report on Thursday, April 27th. Susquehanna reduced their target price on shares of MaxLinear from $45.00 to $40.00 in a research note on Thursday, April 27th. Finally, Craig Hallum lowered their price target on MaxLinear from $55.00 to $37.00 in a research note on Thursday, April 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, MaxLinear presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

Shares of NYSE:MXL opened at $29.00 on Friday. The company has a market capitalization of $2.32 billion, a PE ratio of 9.61 and a beta of 1.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 1.98. The company's fifty day moving average is $29.39 and its 200-day moving average is $33.65. MaxLinear, Inc. has a 52 week low of $23.05 and a 52 week high of $43.66.

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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