Laurion Capital Management LP acquired a new stake in shares of MaxLinear, Inc. (NYSE:MXL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 43,861 shares of the semiconductor company’s stock, valued at approximately $684,000. Laurion Capital Management LP owned 0.06% of MaxLinear as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of MaxLinear by 3.1% in the first quarter. Rhumbline Advisers now owns 142,808 shares of the semiconductor company’s stock worth $3,249,000 after buying an additional 4,343 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of MaxLinear by 2.3% in the first quarter. Prudential Financial Inc. now owns 103,361 shares of the semiconductor company’s stock worth $2,351,000 after buying an additional 2,370 shares during the last quarter. Swiss National Bank increased its stake in shares of MaxLinear by 1.9% in the first quarter. Swiss National Bank now owns 115,573 shares of the semiconductor company’s stock worth $2,629,000 after buying an additional 2,200 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of MaxLinear by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 306,033 shares of the semiconductor company’s stock worth $6,963,000 after buying an additional 18,477 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of MaxLinear by 9.8% in the first quarter. Thrivent Financial for Lutherans now owns 41,023 shares of the semiconductor company’s stock worth $933,000 after buying an additional 3,656 shares during the last quarter. Institutional investors own 94.89% of the company’s stock.
MXL stock opened at $18.65 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.62 and a quick ratio of 2.06. MaxLinear, Inc. has a 1-year low of $15.39 and a 1-year high of $28.06. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.36 and a beta of 0.88.
MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, August 7th. The semiconductor company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. MaxLinear had a negative net margin of 9.37% and a positive return on equity of 19.00%. The firm had revenue of $101.53 million during the quarter. equities research analysts predict that MaxLinear, Inc. will post 0.67 earnings per share for the current fiscal year.
In other MaxLinear news, CEO Kishore Seendripu bought 27,100 shares of the stock in a transaction on Friday, August 10th. The stock was purchased at an average price of $18.47 per share, for a total transaction of $500,537.00. Following the completion of the purchase, the chief executive officer now directly owns 130,474 shares in the company, valued at $2,409,854.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.47% of the stock is owned by insiders.
MXL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of MaxLinear from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Roth Capital restated a “neutral” rating and issued a $20.00 price target (down previously from $27.00) on shares of MaxLinear in a research note on Monday, June 11th. William Blair initiated coverage on shares of MaxLinear in a research note on Monday, June 4th. They issued an “outperform” rating for the company. Stifel Nicolaus dropped their price target on shares of MaxLinear from $31.00 to $25.00 and set a “$17.41” rating for the company in a research note on Thursday, July 19th. Finally, ValuEngine upgraded shares of MaxLinear from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.00.
MaxLinear, Inc provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.
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