Insider Selling: Curtis Ling Unloads 7,300 Shares of MaxLinear Stock (MXL)
MaxLinear (NYSE:MXL) Insider Curtis Ling unloaded 7,300 shares of the stock on the open market in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $10.03, for a total value of $73,219.00. Following the sale, the insider now directly owns 70,652 shares of the company’s stock, valued at approximately $708,640. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of MaxLinear (NYSE:MXL) traded up 1.32% on Friday, hitting $9.99. The stock had a trading volume of 213,232 shares. MaxLinear has a 52 week low of $6.30 and a 52 week high of $11.32. The stock’s 50-day moving average is $8. and its 200-day moving average is $9.43. The company’s market cap is $356.1 million.
MaxLinear (NYSE:MXL) last announced its earnings results 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).
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