MaxLinear, Inc. (MXL) VP William Torgerson Sells 12,500 Shares of Stock

MaxLinear, Inc. (NYSE:MXL) VP William Torgerson sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $19.61, for a total value of $245,125.00. Following the transaction, the vice president now directly owns 104,761 shares in the company, valued at approximately $2,054,363.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

William Torgerson also recently made the following trade(s):

  • On Wednesday, November 7th, William Torgerson sold 500 shares of MaxLinear stock. The shares were sold at an average price of $19.57, for a total value of $9,785.00.

MXL traded down $0.84 during trading hours on Friday, reaching $18.88. 526,997 shares of the company’s stock traded hands, compared to its average volume of 481,492. MaxLinear, Inc. has a 52-week low of $14.87 and a 52-week high of $28.06. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.69. The stock has a market cap of $1.36 billion, a P/E ratio of 16.00, a PEG ratio of 1.47 and a beta of 0.90.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. MaxLinear had a positive return on equity of 15.35% and a negative net margin of 11.18%. The company had revenue of $85.00 million during the quarter, compared to analysts’ expectations of $85.01 million. During the same quarter in the previous year, the business earned $0.39 EPS. MaxLinear’s revenue was down 25.2% compared to the same quarter last year. Equities analysts anticipate that MaxLinear, Inc. will post 0.67 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of MXL. Principal Financial Group Inc. boosted its holdings in MaxLinear by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 467,041 shares of the semiconductor company’s stock valued at $10,625,000 after acquiring an additional 11,080 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of MaxLinear by 35.9% in the 2nd quarter. Wells Fargo & Company MN now owns 1,221,094 shares of the semiconductor company’s stock worth $19,037,000 after buying an additional 322,446 shares during the period. Jennison Associates LLC lifted its holdings in shares of MaxLinear by 27.7% in the 2nd quarter. Jennison Associates LLC now owns 1,414,066 shares of the semiconductor company’s stock worth $22,045,000 after buying an additional 306,538 shares during the period. Virginia Retirement Systems ET AL lifted its holdings in shares of MaxLinear by 18.6% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 28,100 shares of the semiconductor company’s stock worth $438,000 after buying an additional 4,400 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of MaxLinear in the 2nd quarter worth $204,000.

Several equities analysts have recently weighed in on the company. UBS Group downgraded MaxLinear from a “positive” rating to a “neutral” rating in a research report on Thursday, October 25th. Zacks Investment Research upgraded MaxLinear from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Susquehanna Bancshares cut MaxLinear from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $21.00 to $18.00 in a report on Thursday, October 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of MaxLinear in a report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $22.60.

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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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