MaxLinear, Inc. (NYSE:MXL) insider Connie H. Kwong sold 2,093 shares of the stock in a transaction on Friday, February 8th. The shares were sold at an average price of $21.70, for a total value of $45,418.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of MXL traded up $0.18 during mid-day trading on Monday, reaching $21.91. The company’s stock had a trading volume of 756,023 shares, compared to its average volume of 627,269. The firm has a market capitalization of $1.50 billion, a P/E ratio of 28.09, a PEG ratio of 1.41 and a beta of 1.00. MaxLinear, Inc. has a 1 year low of $14.87 and a 1 year high of $26.03. The company has a quick ratio of 1.97, a current ratio of 2.56 and a debt-to-equity ratio of 0.64.
MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.11. The company had revenue of $87.63 million during the quarter, compared to analyst estimates of $87.00 million. MaxLinear had a positive return on equity of 11.90% and a negative net margin of 6.80%. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. On average, analysts expect that MaxLinear, Inc. will post 0.77 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of MaxLinear by 24.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 584 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of MaxLinear by 37.3% during the fourth quarter. Bank of Montreal Can now owns 3,728 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 1,013 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of MaxLinear during the third quarter worth $205,000. Riverhead Capital Management LLC raised its holdings in shares of MaxLinear by 68.8% during the third quarter. Riverhead Capital Management LLC now owns 10,800 shares of the semiconductor company’s stock worth $215,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of MaxLinear during the third quarter worth $226,000. Institutional investors own 94.87% of the company’s stock.
A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded MaxLinear from a “hold” rating to a “sell” rating in a research report on Saturday. Needham & Company LLC reiterated a “buy” rating on shares of MaxLinear in a research report on Wednesday, February 6th. ValuEngine downgraded MaxLinear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. JPMorgan Chase & Co. assumed coverage on MaxLinear in a research report on Friday, January 4th. They set a “neutral” rating and a $18.00 price objective for the company. Finally, Susquehanna Bancshares lowered MaxLinear from a “positive” rating to a “neutral” rating and reduced 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 assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.83.
MaxLinear Company Profile
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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