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Firsthand Capital Management Has Upped By $520,000 Its Maxlinear (MXL) Position; Platform Specialty Products Has 1.35 Sentiment

Platform Specialty Products Corporation (NYSE:PAH) Logo

Firsthand Capital Management Inc increased Maxlinear Inc. (MXL) stake by 40% reported in 2017Q4 SEC filing. Firsthand Capital Management Inc acquired 20,000 shares as Maxlinear Inc. (MXL)’s stock declined 13.36%. The Firsthand Capital Management Inc holds 70,000 shares with $1.85 million value, up from 50,000 last quarter. Maxlinear Inc. now has $1.30 billion valuation. The stock decreased 0.37% or $0.07 during the last trading session, reaching $19.1. About 322,022 shares traded. MaxLinear, Inc. (NYSE:MXL) has declined 13.30% since May 17, 2017 and is downtrending. It has underperformed by 24.85% the S&P500.

Platform Specialty Products Corp (PAH) investors sentiment increased to 1.35 in 2017 Q4. It’s up 0.20, from 1.15 in 2017Q3. The ratio has improved, as 107 hedge funds started new and increased equity positions, while 79 sold and reduced their stock positions in Platform Specialty Products Corp. The hedge funds in our database now possess: 246.84 million shares, up from 243.56 million shares in 2017Q3. Also, the number of hedge funds holding Platform Specialty Products Corp in top ten equity positions increased from 2 to 3 for an increase of 1. Sold All: 26 Reduced: 53 Increased: 62 New Position: 45.

More notable recent Platform Specialty Products Corporation (NYSE:PAH) news were published by: Globenewswire.com which released: “Platform Specialty Products Corporation to Present at May Investor Conferences” on May 09, 2018, also Globenewswire.com with their article: “New Research Coverage Highlights CSX, Hewlett Packard Enterprise, Platform Specialty Products, ITT, United Parcel …” published on May 16, 2018, Streetinsider.com published: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018. More interesting news about Platform Specialty Products Corporation (NYSE:PAH) were released by: Gurufocus.com and their article: “Bill Ackman Comments on Platform Specialty Products Corp” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Platform Specialty Products’ (PAH) CEO Rakesh Sachdev on Q1 2018 Results – Earnings Call Transcript” with publication date: May 06, 2018.

Bares Capital Management Inc. holds 6.87% of its portfolio in Platform Specialty Products Corporation for 16.55 million shares. Pershing Square Capital Management L.P. owns 40.45 million shares or 6.83% of their US portfolio. Moreover, Kamunting Street Capital Management L.P. has 1.93% invested in the company for 273,291 shares. The New York-based Brigade Capital Management Lp has invested 1.75% in the stock. Gates Capital Management Inc., a New York-based fund reported 5.57 million shares.

Analysts await Platform Specialty Products Corporation (NYSE:PAH) to report earnings on August, 8. They expect $0.24 EPS, up 20.00% or $0.04 from last year’s $0.2 per share. PAH’s profit will be $69.14 million for 11.72 P/E if the $0.24 EPS becomes a reality. After $0.21 actual EPS reported by Platform Specialty Products Corporation for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

The stock increased 0.90% or $0.1 during the last trading session, reaching $11.25. About 6.55 million shares traded or 119.69% up from the average. Platform Specialty Products Corporation (PAH) has declined 24.04% since May 17, 2017 and is downtrending. It has underperformed by 35.59% the S&P500.

Since January 1, 0001, it had 3 buys, and 0 insider sales for $4.88 million activity.

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. The company has market cap of $3.24 billion. It operates through two divisions, Performance Solutions and Agricultural Solutions. It currently has negative earnings. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

Among 11 analysts covering Maxlinear Inc. (NYSE:MXL), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Maxlinear Inc. had 39 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Buy” rating by Topeka Capital Markets given on Friday, February 26. The firm earned “Buy” rating on Thursday, January 7 by Maxim Group. Susquehanna maintained MaxLinear, Inc. (NYSE:MXL) rating on Monday, July 17. Susquehanna has “Buy” rating and $3400 target. The rating was maintained by Needham with “Buy” on Friday, February 10. Susquehanna maintained the stock with “Buy” rating in Wednesday, February 14 report. The firm earned “Buy” rating on Tuesday, June 6 by Roth Capital. The rating was maintained by Stifel Nicolaus on Wednesday, May 9 with “Buy”. The firm has “Buy” rating given on Wednesday, January 25 by Needham. The rating was initiated by Roth Capital on Wednesday, September 30 with “Buy”. Deutsche Bank maintained MaxLinear, Inc. (NYSE:MXL) rating on Wednesday, August 9. Deutsche Bank has “Buy” rating and $30 target.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.12, from 1.18 in 2017Q3. It dropped, as 19 investors sold MXL shares while 52 reduced holdings. 20 funds opened positions while 55 raised stakes. 53.87 million shares or 1.33% less from 54.60 million shares in 2017Q3 were reported. Aperio Ltd Limited Liability Company has 42,350 shares. Los Angeles & Equity Rech Inc, California-based fund reported 13,002 shares. Mason Street Advisors Limited Com has invested 0.01% in MaxLinear, Inc. (NYSE:MXL). Riverhead Cap Limited Liability accumulated 6,000 shares or 0.01% of the stock. Bridgeway Cap Mngmt holds 8,500 shares or 0% of its portfolio. Catawba Cap Mngmt Va holds 0.07% or 11,360 shares in its portfolio. Mutual Of America Cap Management Ltd Liability Corporation owns 283,003 shares. 1.86 million are held by Omega Advisors. Kopp Invest Lc has invested 3.03% in MaxLinear, Inc. (NYSE:MXL). Creative Planning holds 0.01% or 54,753 shares. Northern Corporation stated it has 0.01% of its portfolio in MaxLinear, Inc. (NYSE:MXL). Parkside Comml Bank & Tru accumulated 0% or 25 shares. Ls Investment Advsrs Limited Liability Co accumulated 0.01% or 7,550 shares. Geode Llc has 509,675 shares for 0% of their portfolio. Principal Financial Gp invested in 0.01% or 455,961 shares.

Since January 9, 2018, it had 0 insider purchases, and 4 insider sales for $2.38 million activity. LING CURTIS sold $511,084 worth of stock. 25,000 shares were sold by LaChance Michael J., worth $590,708 on Friday, February 23. 25,018 MaxLinear, Inc. (NYSE:MXL) shares with value of $700,554 were sold by WALSH BRENDAN.

More recent MaxLinear, Inc. (NYSE:MXL) news were published by: Globenewswire.com which released: “MaxLinear, Inc. Announces First Quarter 2018 Financial Results” on May 08, 2018. Also Seekingalpha.com published the news titled: “MaxLinear’s (MXL) CEO Kishore Seendripu on Q1 2018 Results – Earnings Call Transcript” on May 14, 2018. Streetinsider.com‘s news article titled: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” with publication date: May 15, 2018 was also an interesting one.

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

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