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 transaction of $700,504.00. Following the completion of the sale, the vice president now 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 through this link.
MaxLinear, Inc (NYSE:MXL) traded down $0.89 during trading on Thursday, hitting $27.11. 579,400 shares of the stock traded hands, compared to its average volume of 479,129. The stock has a market capitalization of $1,800.00, a P/E ratio of 104.27 and a beta of 0.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.58 and a current ratio of 2.23. MaxLinear, Inc has a 1-year low of $20.38 and a 1-year high of $32.47.
MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. The business had revenue of $113.58 million for the quarter, compared to the consensus estimate of $115.77 million. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. research analysts predict that MaxLinear, Inc will post 1.05 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in MXL. Schwab Charles Investment Management Inc. increased its position in shares of MaxLinear by 7.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 242,533 shares of the semiconductor company’s stock worth $6,765,000 after acquiring an additional 15,960 shares in the last quarter. Legal & General Group Plc increased its position in shares of MaxLinear by 610.0% in the second quarter. Legal & General Group Plc now owns 95,673 shares of the semiconductor company’s stock worth $2,669,000 after acquiring an additional 82,198 shares in the last quarter. Comerica Bank purchased a new position in shares of MaxLinear in the second quarter worth approximately $1,479,000. BNP Paribas Arbitrage SA increased its position in shares of MaxLinear by 2,067.0% in the second quarter. BNP Paribas Arbitrage SA now owns 17,444 shares of the semiconductor company’s stock worth $487,000 after acquiring an additional 16,639 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in MaxLinear by 86.0% during the second quarter. State Board of Administration of Florida Retirement System now owns 37,111 shares of the semiconductor company’s stock valued at $1,035,000 after purchasing an additional 17,164 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Roth Capital reiterated a “buy” rating and issued a $33.00 target price on shares of MaxLinear in a report on Friday, December 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $32.00 target price on shares of MaxLinear in a report on Wednesday, November 8th. One equities research 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 a consensus price target of $31.60.
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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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