SG Americas Securities LLC Acquires New Position in MaxLinear, Inc $MXL

SG Americas Securities LLC acquired a new position in MaxLinear, Inc (NASDAQ:MXL) in the 3rd quarter, Holdings Channel reports. The firm acquired 28,586 shares of the semiconductor company’s stock, valued at approximately $460,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MXL. Louisiana State Employees Retirement System increased its holdings in MaxLinear by 2.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the semiconductor company’s stock valued at $605,000 after purchasing an additional 900 shares during the last quarter. Moody Aldrich Partners LLC purchased a new position in shares of MaxLinear during the third quarter worth $2,291,000. CWM LLC grew its stake in shares of MaxLinear by 57.2% in the third quarter. CWM LLC now owns 28,259 shares of the semiconductor company’s stock valued at $454,000 after buying an additional 10,287 shares in the last quarter. Inspire Investing LLC grew its stake in shares of MaxLinear by 5.3% in the third quarter. Inspire Investing LLC now owns 28,759 shares of the semiconductor company’s stock valued at $462,000 after buying an additional 1,455 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of MaxLinear by 20.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 59,335 shares of the semiconductor company’s stock valued at $843,000 after buying an additional 9,895 shares during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MXL. Benchmark increased their target price on shares of MaxLinear from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MaxLinear in a report on Thursday. Williams Trading set a $25.00 price objective on shares of MaxLinear in a report on Friday, October 24th. Finally, Stifel Nicolaus set a $23.00 target price on shares of MaxLinear in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.29.

MaxLinear Price Performance

Shares of NASDAQ:MXL opened at $18.41 on Friday. MaxLinear, Inc has a one year low of $8.35 and a one year high of $24.17. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -8.81 and a beta of 1.77. The company has a 50-day simple moving average of $17.45 and a 200-day simple moving average of $16.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.55.

MaxLinear (NASDAQ:MXL) last released its earnings results on Thursday, October 23rd. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $126.46 million for the quarter, compared to analyst estimates of $124.66 million. MaxLinear had a negative return on equity of 12.74% and a negative net margin of 42.43%.The company’s revenue for the quarter was up 56.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.36) earnings per share. On average, analysts predict that MaxLinear, Inc will post -0.37 EPS for the current year.

MaxLinear declared that its Board of Directors has initiated a stock repurchase program on Monday, November 24th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the semiconductor company to purchase up to 5.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Transactions at MaxLinear

In other news, Director Daniel A. Artusi sold 20,747 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $15.39, for a total transaction of $319,296.33. Following the completion of the transaction, the director directly owned 12,141 shares of the company’s stock, valued at approximately $186,849.99. This represents a 63.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.80% of the stock is owned by corporate insiders.

MaxLinear Profile

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.