MaxLinear, Inc (NYSE:MXL) VP Brendan Walsh sold 25,018 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $28.00, for a total value of $700,504.00. Following the completion of the transaction, the vice president now directly owns 155,441 shares in the company, valued at $4,352,348. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of MaxLinear, Inc (MXL) opened at $26.78 on Friday. The stock has a market capitalization of $1,780.00, a P/E ratio of 103.00 and a beta of 0.47. MaxLinear, Inc has a twelve month low of $20.38 and a twelve month high of $32.47. The company has a current ratio of 2.23, a quick ratio of 1.58 and a debt-to-equity ratio of 0.93.
MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.06. The business had revenue of $113.58 million for the quarter, compared to analysts’ expectations of $115.77 million. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. equities research analysts predict that MaxLinear, Inc will post 1.05 earnings per share for the current fiscal year.
A number of research firms recently commented on MXL. Zacks Investment Research cut MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Roth Capital reissued a “buy” rating and issued a $33.00 price target on shares of MaxLinear in a report on Friday, December 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $32.00 price target on shares of MaxLinear in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. MaxLinear has an average rating of “Buy” and an average price target of $31.60.
Institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. raised its holdings in shares of MaxLinear by 9.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 460 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of MaxLinear by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 45 shares in the last quarter. LS Investment Advisors LLC raised its holdings in shares of MaxLinear by 59.4% during the 3rd quarter. LS Investment Advisors LLC now owns 7,638 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 2,846 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of MaxLinear during the 2nd quarter worth approximately $192,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of MaxLinear during the 3rd quarter worth approximately $205,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.
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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.
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