Strs Ohio Purchases 10,100 Shares of MaxLinear, Inc $MXL

Strs Ohio boosted its position in MaxLinear, Inc (NASDAQ:MXL) by 481.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,200 shares of the semiconductor company’s stock after buying an additional 10,100 shares during the quarter. Strs Ohio’s holdings in MaxLinear were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MXL. Invesco Ltd. lifted its position in shares of MaxLinear by 419.9% during the 4th quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock valued at $37,467,000 after buying an additional 1,736,141 shares during the last quarter. Paradigm Capital Management Inc. NY increased its holdings in MaxLinear by 582.7% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 861,000 shares of the semiconductor company’s stock worth $15,007,000 after acquiring an additional 734,875 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in MaxLinear by 27.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock valued at $41,054,000 after acquiring an additional 628,719 shares during the period. Defiance ETFs LLC bought a new stake in MaxLinear in the 4th quarter valued at about $10,944,000. Finally, Vanguard Group Inc. lifted its holdings in MaxLinear by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock valued at $232,279,000 after purchasing an additional 605,903 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors.

MaxLinear Price Performance

MXL stock opened at $91.30 on Monday. The stock has a 50-day simple moving average of $91.19 and a two-hundred day simple moving average of $45.53. MaxLinear, Inc has a twelve month low of $12.77 and a twelve month high of $128.30. The firm has a market capitalization of $8.18 billion, a PE ratio of -60.07 and a beta of 3.91. The company has a quick ratio of 1.12, a current ratio of 1.70 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 firm had revenue of $137.19 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted ($0.05) earnings per share. On average, equities analysts predict that MaxLinear, Inc will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MXL shares. Susquehanna reiterated a “neutral” rating and set a $30.00 target price on shares of MaxLinear in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $40.00 price target on shares of MaxLinear in a research note on Friday, April 24th. Northland Securities set a $110.00 price objective on shares of MaxLinear in a report on Wednesday, June 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a report on Tuesday, April 21st. Finally, Roth Capital upgraded shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research note 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.50.

Insider Buying and Selling at MaxLinear

In other news, Director Thomas E. Pardun sold 11,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 55,252 shares in the company, valued at $5,801,460. The trade was a 16.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Connie H. Kwong sold 35,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $96.96, for a total value of $3,393,600.00. Following the completion of the sale, the insider owned 13,947 shares in the company, valued at $1,352,301.12. This trade represents a 71.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 65,168 shares of company stock valued at $5,559,358. Insiders own 7.70% of the company’s stock.

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.