MaxLinear, Inc (NASDAQ:MXL - Get Free Report) insider Connie Kwong sold 15,050 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $51.29, for a total transaction of $771,914.50. Following the sale, the insider owned 53,065 shares in the company, valued at approximately $2,721,703.85. The trade was a 22.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
MaxLinear Trading Up 0.7%
NASDAQ:MXL opened at $52.01 on Wednesday. The company's 50 day moving average price is $21.59 and its 200-day moving average price is $18.75. MaxLinear, Inc has a 52 week low of $9.52 and a 52 week high of $63.52. The company has a quick ratio of 1.12, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of -34.22 and a beta of 1.70.
MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.04. MaxLinear had a negative net margin of 25.96% and a negative return on equity of 2.33%. The firm had revenue of $137.19 million for the quarter, compared to analysts' expectations of $137.15 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The business's revenue for the quarter was up 43.0% on a year-over-year basis. On average, equities research analysts forecast that MaxLinear, Inc will post -0.17 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of MaxLinear in a report on Tuesday, April 21st. Susquehanna reiterated a "neutral" rating and set a $30.00 price target on shares of MaxLinear in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $40.00 price target on shares of MaxLinear in a report on Friday. Benchmark increased their price objective on shares of MaxLinear from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, January 16th. Finally, Stifel Nicolaus increased their price objective on shares of MaxLinear from $34.00 to $49.00 and gave the company a "buy" rating in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MaxLinear has a consensus rating of "Hold" and an average price target of $38.20.
Get Our Latest Research Report on MaxLinear
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MXL. Invesco Ltd. lifted its position in MaxLinear by 419.9% during the fourth quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company's stock valued at $37,467,000 after purchasing an additional 1,736,141 shares during the period. AIGH Capital Management LLC bought a new position in MaxLinear during the third quarter valued at approximately $17,809,000. Paradigm Capital Management Inc. NY lifted its position in MaxLinear by 582.7% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 861,000 shares of the semiconductor company's stock valued at $15,007,000 after purchasing an additional 734,875 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of MaxLinear by 27.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company's stock worth $41,054,000 after acquiring an additional 628,719 shares during the last quarter. Finally, Defiance ETFs LLC purchased a new position in shares of MaxLinear during the 4th quarter worth $10,944,000. Institutional investors own 90.79% of the company's stock.
MaxLinear Company Profile
(
Get Free Report)
MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company's product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.
MaxLinear's semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.
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