Oak Ridge Investments LLC Raised Maxlinear INC Com (MXL) Stake by $15.53 Million

July 16, 2018 - By Carolyn Hewitt

MaxLinear, Inc. (NYSE:MXL) LogoInvestors sentiment is 1.06 in Q1 2018. Its the same as in 2017Q4. It has no change, as 18 investors sold MXL shares while 52 reduced holdings. only 18 funds opened positions while 56 raised stakes. 57.04 million shares or 5.89% more from 53.87 million shares in 2017Q4 were reported. Comerica Bank & Trust reported 0.01% of its portfolio in MaxLinear, Inc. (NYSE:MXL). New England Research And accumulated 0.54% or 35,700 shares. Pinebridge Invests Limited Partnership accumulated 11,716 shares. Gemmer Asset Mngmt Ltd Liability Com reported 0% in MaxLinear, Inc. (NYSE:MXL). 220 are held by Atlantic Tru Limited Liability Co. Metropolitan Life Insurance Com New York has invested 0% of its portfolio in MaxLinear, Inc. (NYSE:MXL). Kennedy Capital Management Inc stated it has 0.05% in MaxLinear, Inc. (NYSE:MXL). Reilly Financial Advsrs Ltd Com invested 0.01% of its portfolio in MaxLinear, Inc. (NYSE:MXL). Avalon Glob Asset Limited Liability Company reported 171,500 shares or 1.35% of all its holdings. Stifel Financial holds 323,641 shares or 0.02% of its portfolio. Parkside Financial Bank reported 0% in MaxLinear, Inc. (NYSE:MXL). State Street invested 0% in MaxLinear, Inc. (NYSE:MXL). Citadel Ltd Company reported 15,493 shares or 0% of all its holdings. Jennison Associates Ltd holds 1.11M shares. Sterling Ltd Liability Corporation holds 30,741 shares.

Since February 20, 2018, it had 0 insider purchases, and 4 insider sales for $1.71 million activity. The insider Kwong Connie H. sold 1,500 shares worth $28,957. $511,084 worth of MaxLinear, Inc. (NYSE:MXL) shares were sold by LING CURTIS.

Oak Ridge Investments Llc increased its stake in Maxlinear Inc Com (MXL) by 5900.08% based on its latest 2018Q1 regulatory filing with the SEC. Oak Ridge Investments Llc bought 705,768 shares as the company’s stock declined 20.76% with the market. The institutional investor held 717,730 shares of the technology company at the end of 2018Q1, valued at $16.33M, up from 11,962 at the end of the previous reported quarter. Oak Ridge Investments Llc who had been investing in Maxlinear Inc Com for a number of months, seems to be bullish on the $1.16B market cap company. The stock increased 2.60% or $0.43 during the last trading session, reaching $16.98. About 312,209 shares traded. MaxLinear, Inc. (NYSE:MXL) has declined 39.49% since July 16, 2017 and is downtrending. It has underperformed by 52.06% the S&P500.

Oak Ridge Investments Llc, which manages about $4.04B and $1.80B US Long portfolio, decreased its stake in Grubhub Inc Com (NYSE:GRUB) by 61,654 shares to 183,097 shares, valued at $18.58 million in 2018Q1, according to the filing. It also reduced its holding in Sage Therapeutics Inc (NASDAQ:SAGE) by 66,938 shares in the quarter, leaving it with 279,659 shares, and cut its stake in Littelfuse Inc Com (NASDAQ:LFUS).

Another recent and important MaxLinear, Inc. (NYSE:MXL) news was published by Fool.com which published an article titled: “3 of the Worst Growth Stocks of 2018 (So Far)” on July 15, 2018.

MaxLinear, Inc. (NYSE:MXL) Ratings Coverage

Among 5 analysts covering Maxlinear Inc (NYSE:MXL), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Maxlinear Inc had 6 analyst reports since February 13, 2018 according to SRatingsIntel. Roth Capital downgraded the shares of MXL in report on Monday, June 11 to “Neutral” rating. Deutsche Bank downgraded it to “Hold” rating and $2100 target in Wednesday, May 9 report. Susquehanna maintained the shares of MXL in report on Wednesday, February 14 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $31 target in Wednesday, May 9 report. William Blair reinitiated MaxLinear, Inc. (NYSE:MXL) on Monday, June 4 with “Outperform” rating. The rating was maintained by Roth Capital on Tuesday, February 13 with “Buy”.

MaxLinear, Inc. (NYSE:MXL) Institutional Positions Chart

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