MaxLinear, Inc $MXL Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in shares of MaxLinear, Inc (NASDAQ:MXL) by 42.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 758,109 shares of the semiconductor company’s stock after buying an additional 224,217 shares during the quarter. BNP Paribas Financial Markets’ holdings in MaxLinear were worth $13,214,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue increased its stake in MaxLinear by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 45,677 shares of the semiconductor company’s stock worth $795,000 after acquiring an additional 632 shares during the last quarter. ProShare Advisors LLC increased its stake in MaxLinear by 4.3% during the fourth quarter. ProShare Advisors LLC now owns 16,048 shares of the semiconductor company’s stock worth $280,000 after acquiring an additional 664 shares during the last quarter. Arizona State Retirement System increased its stake in MaxLinear by 3.5% during the third quarter. Arizona State Retirement System now owns 24,295 shares of the semiconductor company’s stock worth $391,000 after acquiring an additional 830 shares during the last quarter. Larson Financial Group LLC increased its stake in MaxLinear by 161.7% during 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. Finally, EverSource Wealth Advisors LLC increased its stake in MaxLinear by 97.0% during the third quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 1,039 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Stock Performance

NASDAQ:MXL opened at $80.92 on Monday. The firm has a market cap of $7.25 billion, a PE ratio of -53.24 and a beta of 3.98. The stock has a fifty day moving average price of $59.66 and a 200 day moving average price of $32.45. MaxLinear, Inc has a 12-month low of $11.63 and a 12-month high of $106.28. The company has a current ratio of 1.70, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $137.19 million during the quarter, compared to the consensus estimate of $137.15 million. MaxLinear had a negative return on equity of 2.33% and a negative net margin of 25.96%.MaxLinear’s revenue for the quarter was up 43.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS. Sell-side analysts anticipate that MaxLinear, Inc will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at MaxLinear

In other MaxLinear news, insider Connie H. Kwong sold 35,000 shares of MaxLinear stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $96.96, for a total transaction of $3,393,600.00. Following the completion of the sale, the insider directly owned 13,947 shares of the company’s stock, valued at $1,352,301.12. The trade was a 71.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas E. Pardun sold 11,000 shares of MaxLinear stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total value of $1,155,000.00. Following the sale, the director directly owned 55,252 shares of the company’s stock, valued at $5,801,460. This trade represents a 16.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,168 shares of company stock valued at $5,559,359 over the last ninety days. 7.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on MXL shares. Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a research note on Tuesday, April 21st. Northland Securities set a $110.00 price target on MaxLinear in a research report on Wednesday. Roth Mkm upgraded MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Friday, April 24th. Needham & Company LLC upgraded MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Friday, April 24th. Finally, Stifel Nicolaus restated a “buy” rating and set a $105.00 price target (up from $49.00) on shares of MaxLinear in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.00.

About MaxLinear

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.