MaxLinear (NASDAQ:MXL) Director Sells $1,155,000.00 in Stock

MaxLinear, Inc (NASDAQ:MXL) Director Thomas Pardun sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the transaction, the director directly owned 55,252 shares in the company, valued at approximately $5,801,460. The trade was a 16.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

MaxLinear Price Performance

Shares of MXL opened at $92.93 on Friday. The firm has a market cap of $8.32 billion, a PE ratio of -61.14 and a beta of 3.95. The firm’s 50 day moving average price is $52.55 and its 200 day moving average price is $29.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.70. MaxLinear, Inc has a twelve month low of $10.96 and a twelve month high of $106.28.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data on Thursday, April 23rd. The semiconductor company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $137.19 million for the quarter, compared to analyst estimates of $137.15 million. MaxLinear had a negative net margin of 25.96% and a negative return on equity of 2.33%. The company’s revenue for the quarter was up 43.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. As a group, research analysts expect that MaxLinear, Inc will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On MaxLinear

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in shares of MaxLinear by 161.7% in the fourth quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 875 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in MaxLinear by 103.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock worth $25,000 after buying an additional 726 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in MaxLinear during the fourth quarter worth $25,000. International Assets Investment Management LLC acquired a new stake in MaxLinear during the fourth quarter worth $27,000. Finally, EverSource Wealth Advisors LLC boosted its stake in MaxLinear by 16.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock worth $27,000 after buying an additional 217 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MXL. Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a research report on Tuesday, April 21st. Benchmark began coverage on shares of MaxLinear in a research report on Wednesday. They issued a “buy” rating and a $125.00 price target on the stock. Northland Securities set a $55.00 price target on shares of MaxLinear in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $40.00 price target on shares of MaxLinear in a research report on Friday, April 24th. Finally, Needham & Company LLC raised shares of MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.90.

MaxLinear Company 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.