MaxLinear, Inc (NASDAQ:MXL – Get Free Report) CEO Kishore Seendripu sold 351,454 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $85.95, for a total value of $30,207,471.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Kishore Seendripu also recently made the following trade(s):
- On Friday, August 14th, Kishore Seendripu sold 240,000 shares of MaxLinear stock. The shares were sold at an average price of $84.28, for a total value of $20,227,200.00.
MaxLinear Stock Performance
Shares of NASDAQ:MXL opened at $72.63 on Wednesday. The firm has a market capitalization of $6.59 billion, a PE ratio of -61.03 and a beta of 3.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.78 and a quick ratio of 1.15. The business has a 50-day moving average of $82.95 and a two-hundred day moving average of $56.27. MaxLinear, Inc has a 12 month low of $12.77 and a 12 month high of $128.30.
Hedge Funds Weigh In On MaxLinear
A number of institutional investors and hedge funds have recently bought and sold shares of MXL. Larson Financial Group LLC raised its stake in shares of MaxLinear by 161.7% during the fourth quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 875 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of MaxLinear by 103.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 726 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of MaxLinear in the fourth quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in MaxLinear during the 4th quarter valued at $27,000. Finally, EverSource Wealth Advisors LLC grew its holdings in MaxLinear by 16.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of MaxLinear from $42.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Roth Capital raised their target price on shares of MaxLinear from $60.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Susquehanna lifted their target price on shares of MaxLinear from $45.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Benchmark assumed coverage on shares of MaxLinear in a research report on Wednesday, May 27th. They set a “buy” rating and a $125.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $40.00 price target on shares of MaxLinear in a 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 given a Sell rating to the company’s stock. According to MarketBeat, MaxLinear has a consensus rating of “Hold” and a consensus price target of $85.00.
Check Out Our Latest Research Report on MaxLinear
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.
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