MaxLinear, Inc. (MXL) Insider Sells $45,418.10 in Stock

MaxLinear, Inc. (NYSE:MXL) insider Connie H. Kwong sold 2,093 shares of the firm’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $21.70, for a total value of $45,418.10. Following the completion of the transaction, the insider now directly owns 9,161 shares in the company, valued at $198,793.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

MXL stock opened at $21.91 on Tuesday. MaxLinear, Inc. has a twelve month low of $14.87 and a twelve month high of $26.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 2.56. The stock has a market cap of $1.50 billion, a PE ratio of 28.09, a P/E/G ratio of 1.41 and a beta of 1.00.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.11. MaxLinear had a positive return on equity of 11.90% and a negative net margin of 6.80%. The firm had revenue of $87.63 million for the quarter, compared to analysts’ expectations of $87.00 million. During the same period in the previous year, the firm earned $0.38 EPS. The business’s quarterly revenue was down 22.9% on a year-over-year basis. As a group, equities analysts forecast that MaxLinear, Inc. will post 0.77 earnings per share for the current fiscal year.



Several hedge funds have recently bought and sold shares of MXL. Alliancebernstein L.P. lifted its position in shares of MaxLinear by 3,113.1% during the 3rd quarter. Alliancebernstein L.P. now owns 3,147,190 shares of the semiconductor company’s stock valued at $62,566,000 after buying an additional 3,049,241 shares in the last quarter. Capital Research Global Investors purchased a new position in shares of MaxLinear during the 3rd quarter valued at about $37,772,000. Primecap Management Co. CA lifted its position in shares of MaxLinear by 62.5% during the 3rd quarter. Primecap Management Co. CA now owns 4,472,712 shares of the semiconductor company’s stock valued at $88,918,000 after buying an additional 1,719,850 shares in the last quarter. Channing Capital Management LLC purchased a new position in shares of MaxLinear during the 3rd quarter valued at about $10,908,000. Finally, Macquarie Group Ltd. lifted its position in shares of MaxLinear by 13.4% during the 3rd quarter. Macquarie Group Ltd. now owns 4,346,965 shares of the semiconductor company’s stock valued at $86,418,000 after buying an additional 512,286 shares in the last quarter. 94.87% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on MXL. Zacks Investment Research cut MaxLinear from a “hold” rating to a “sell” rating in a research report on Saturday, November 3rd. Needham & Company LLC reissued a “buy” rating on shares of MaxLinear in a research report on Wednesday, February 6th. ValuEngine cut MaxLinear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. JPMorgan Chase & Co. began coverage on MaxLinear in a research report on Friday, January 4th. They issued a “neutral” rating and a $18.00 target price on the stock. Finally, UBS Group cut MaxLinear from a “positive” rating to a “neutral” rating in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. MaxLinear currently has a consensus rating of “Hold” and an average price target of $21.83.

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About MaxLinear

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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