MaxLinear, Inc. (NYSE:MXL) insider Connie H. Kwong sold 2,093 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $21.70, for a total value of $45,418.10. Following the transaction, the insider now owns 9,161 shares of the company’s stock, valued at approximately $198,793.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
MXL opened at $21.91 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 2.56 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 1.41 and a beta of 1.00. MaxLinear, Inc. has a 12-month low of $14.87 and a 12-month high of $26.03.
MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.11. The business had revenue of $87.63 million during the quarter, compared to the consensus estimate of $87.00 million. MaxLinear had a positive return on equity of 11.90% and a negative net margin of 6.80%. The firm’s quarterly revenue was down 22.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. On average, equities analysts predict that MaxLinear, Inc. will post 0.77 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of MXL. Bank of America Corp DE increased its holdings in shares of MaxLinear by 5.0% during the second quarter. Bank of America Corp DE now owns 414,883 shares of the semiconductor company’s stock valued at $6,468,000 after acquiring an additional 19,705 shares in the last quarter. Northern Trust Corp increased its holdings in shares of MaxLinear by 2.9% during the second quarter. Northern Trust Corp now owns 818,396 shares of the semiconductor company’s stock valued at $12,758,000 after acquiring an additional 22,745 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of MaxLinear by 111.6% during the third quarter. Victory Capital Management Inc. now owns 181,240 shares of the semiconductor company’s stock valued at $3,603,000 after acquiring an additional 95,570 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of MaxLinear by 46.4% during the third quarter. JPMorgan Chase & Co. now owns 18,590 shares of the semiconductor company’s stock valued at $370,000 after acquiring an additional 5,892 shares in the last quarter. Finally, Wasatch Advisors Inc. bought a new position in shares of MaxLinear during the third quarter valued at $3,876,000. Institutional investors and hedge funds own 94.87% of the company’s stock.
MXL has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of MaxLinear in a report on Wednesday, November 14th. JPMorgan Chase & Co. initiated coverage on MaxLinear in a report on Friday, January 4th. They set a “neutral” rating and a $18.00 target price for the company. ValuEngine downgraded MaxLinear from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Zacks Investment Research downgraded MaxLinear from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Susquehanna Bancshares downgraded MaxLinear from a “positive” rating to a “neutral” rating and decreased their target price for the company from $21.00 to $18.00 in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. MaxLinear presently has an average rating of “Hold” and a consensus target price of $21.83.
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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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