MaxLinear VP Justin Scarpulla Sells 19,614 Shares (MXL)
MaxLinear (NYSE:MXL) VP Justin Scarpulla sold 19,614 shares of MaxLinear stock on the open market in a transaction dated Thursday, May 29th. The shares were sold at an average price of $9.17, for a total value of $179,860.38. Following the completion of the sale, the vice president now directly owns 11,581 shares of the company’s stock, valued at approximately $106,198. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of MaxLinear (NYSE:MXL) traded up 2.05% on Friday, hitting $9.46. 168,756 shares of the company’s stock traded hands. MaxLinear has a 52-week low of $6.02 and a 52-week high of $11.32. The stock’s 50-day moving average is $8.80 and its 200-day moving average is $9.3. The company’s market cap is $337.2 million.
MaxLinear (NYSE:MXL) last released its earnings data on Wednesday, April 30th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.03. The company had revenue of $32.50 million for the quarter, compared to the consensus estimate of $31.79 million. Analysts expect that MaxLinear will post $0.46 EPS for the current fiscal year.
MaxLinear, Inc operates as a fabless communications Integrated Circuit company. The Company is creating solutions for wireless and wire-line applications (NYSE:MXL).
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