Billionaire George Soros Loading Up On MaxLinear, Inc. (MXL) As Stock’s Rally Continues

During the first quarter MaxLinear, Inc. (NYSE:MXL) saw considerable growth in its cable and satellite businesses, especially in the higher-channel-count 24 channel DOCSIS 3.0 modems and gateways category. The company’s recent acquisition of Entropic Communications is expected to further solidify its broadband ecosystem by combining MaxLinear’s spectrum capture receivers with Entropic’s MoCA connectivity and analog channel stacking solutions. Heading into the future, MaxLinear, Inc. (NYSE:MXL)’s management is aiming to further diversify its revenues across broadband cable, terrestrial, and new infrastructure markets. In this regard the company has launched new products, some of which were announced at the OFC Convention in Los Angeles in March. In the first three months of the year the company experienced a seasonal softness in demand for terrestrial set-top-box products and hybrid television tuners.

The popularity of MaxLinear, Inc. (NYSE:MXL) among the over 700 hedge funds that we track has increased over the last quarter, as 16 firms had an aggregate investment of $30.65 million in the company at the end of March as compared to 12 funds with $19.80 million invested at the end of the previous quarter. Besides Soros Fund Management, the two largest stockholders of MaxLinear, Inc. (NYSE:MXL) are Chuck Royce‘s Royce & Associates and Peter Rathjens, Bruce Clarke and John Campbell‘s Arrowstreet Capital, with respective stakes of 1.58 million shares valued at $12.82 million and 312,400 shares valued at $2.54 million.

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