MaxLinear VP Sells $31,178 in Stock (MXL)
MaxLinear (NYSE:MXL) VP Madhukar Reddy unloaded 3,400 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $9.17, for a total value of $31,178.00. Following the sale, the vice president now directly owns 88,651 shares of the company’s stock, valued at approximately $812,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of MaxLinear (NYSE:MXL) traded up 2.05% during mid-day trading on Friday, hitting $9.46. The stock had a trading volume of 168,756 shares. MaxLinear has a 52 week low of $6.02 and a 52 week high of $11.32. The stock has a 50-day moving average of $8.80 and a 200-day moving average of $9.3. The company’s market cap is $337.2 million.
MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that MaxLinear will post $0.46 earnings per share 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.