Is MaxLinear, Inc. (MXL) A Good Stock To Buy?

As one would reasonably expect, some big names have been driving this bullishness. Columbus Circle Investors, managed by Clifford Fox, initiated the biggest position in MaxLinear, Inc. (NYSE:MXL). Columbus Circle Investors had $6.8 million invested in the company at the end of the quarter. Richard Driehaus’s Driehaus Capital also initiated a $2.8 million position during the quarter. The only other fund with a brand new MXL position is Scott Fine and Peter Richards’s Empire Capital Management.

Let’s check out hedge fund activity in other stocks similar to MaxLinear, Inc. (NYSE:MXL). We will take a look at Quotient Technology Inc (NYSE:COUP), Heartland Financial USA Inc (NASDAQ:HTLF), P.H. Glatfelter Company (NYSE:GLT), and Speedway Motorsports, Inc. (NYSE:TRK). All of these stocks’ market caps match MXL’s market cap.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $18 million. That figure was $177 million in MXL’s case. Speedway Motorsports, Inc. (NYSE:TRK) is the most popular stock in this table. On the other hand Quotient Technology Inc (NYSE:COUP) is the least popular one. In comparison, MaxLinear, Inc. (NYSE:MXL) with 24 bullish hedge fund positions is more popular among hedge funds. Considering that hedge funds are collectively most fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.