MaxLinear, Inc. (NYSE:MXL) insider Connie H. Kwong sold 1,218 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $31.49, for a total value of $38,354.82. Following the completion of the sale, the insider now directly owns 425 shares of the company’s stock, valued at approximately $13,383.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Connie H. Kwong also recently made the following trade(s):

  • On Monday, May 15th, Connie H. Kwong sold 1,724 shares of MaxLinear stock. The stock was sold at an average price of $31.06, for a total value of $53,547.44.

MaxLinear, Inc. (NYSE:MXL) traded down 0.76% during midday trading on Thursday, reaching $31.17. 698,800 shares of the company’s stock traded hands. MaxLinear, Inc. has a 52 week low of $16.84 and a 52 week high of $32.24. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 43.23 and a beta of 0.72. The company’s 50-day moving average price is $28.90 and its 200 day moving average price is $25.34.

MaxLinear (NYSE:MXL) last announced its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. MaxLinear had a return on equity of 30.61% and a net margin of 15.40%. The company had revenue of $88.84 million for the quarter, compared to the consensus estimate of $88.02 million. During the same quarter last year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. On average, equities research analysts expect that MaxLinear, Inc. will post $1.46 earnings per share for the current year.

Insider Buying and Selling by Quarter for MaxLinear (NYSE:MXL)

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MXL has been the subject of several recent analyst reports. Stifel Nicolaus boosted their target price on MaxLinear from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Zacks Investment Research raised MaxLinear from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, April 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $29.00 price target on shares of MaxLinear in a research note on Thursday, March 30th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $29.17.

Institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System increased its stake in shares of MaxLinear by 4.2% in the fourth quarter. New York State Teachers Retirement System now owns 5,000 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 200 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of MaxLinear by 10.8% in the first quarter. Envestnet Asset Management Inc. now owns 6,404 shares of the semiconductor company’s stock valued at $179,000 after buying an additional 624 shares during the last quarter. Swiss National Bank increased its stake in shares of MaxLinear by 1.5% in the first quarter. Swiss National Bank now owns 95,673 shares of the semiconductor company’s stock valued at $2,684,000 after buying an additional 1,400 shares during the last quarter. American International Group Inc. increased its stake in shares of MaxLinear by 5.2% in the first quarter. American International Group Inc. now owns 33,804 shares of the semiconductor company’s stock valued at $948,000 after buying an additional 1,684 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of MaxLinear by 24.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,260 shares of the semiconductor company’s stock valued at $224,000 after buying an additional 2,036 shares during the last quarter. Institutional investors own 78.21% of the company’s stock.

MaxLinear Company Profile

MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.

12 Month Chart for NYSE:MXL

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