Pure Financial Advisors LLC Makes New $1.42 Million Investment in MaxLinear, Inc $MXL

Pure Financial Advisors LLC purchased a new position in shares of MaxLinear, Inc (NASDAQ:MXL) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 81,676 shares of the semiconductor company’s stock, valued at approximately $1,424,000.

A number of other large investors also recently made changes to their positions in MXL. AIGH Capital Management LLC purchased a new position in shares of MaxLinear during the 3rd quarter worth $17,809,000. The Manufacturers Life Insurance Company lifted its stake in shares of MaxLinear by 27.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock worth $41,054,000 after purchasing an additional 628,719 shares during the period. Vanguard Group Inc. lifted its stake in shares of MaxLinear by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock worth $232,279,000 after purchasing an additional 605,903 shares during the period. Alyeska Investment Group L.P. increased its holdings in shares of MaxLinear by 279.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 769,349 shares of the semiconductor company’s stock worth $12,371,000 after buying an additional 566,800 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of MaxLinear by 31.8% in the 3rd quarter. Marshall Wace LLP now owns 1,826,259 shares of the semiconductor company’s stock worth $29,366,000 after buying an additional 441,088 shares during the period. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Insider Buying and Selling at MaxLinear

In related news, insider Steven G. Litchfield sold 20,000 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $15.68, for a total value of $313,600.00. Following the completion of the sale, the insider directly owned 343,435 shares in the company, valued at approximately $5,385,060.80. This represents a 5.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Connie H. Kwong sold 35,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $96.96, for a total value of $3,393,600.00. Following the completion of the sale, the insider owned 13,947 shares of the company’s stock, valued at approximately $1,352,301.12. This represents a 71.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 99,097 shares of company stock valued at $5,150,815. 7.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on MXL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $40.00 target price on shares of MaxLinear in a research report on Friday, April 24th. Stifel Nicolaus increased their target price on MaxLinear from $34.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Needham & Company LLC raised MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Friday, April 24th. Finally, Benchmark increased their target price on MaxLinear from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.20.

MaxLinear Stock Performance

Shares of MXL opened at $99.83 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.94 billion, a P/E ratio of -65.68 and a beta of 3.95. The stock’s fifty day simple moving average is $27.43 and its 200 day simple moving average is $20.85. MaxLinear, Inc has a twelve month low of $10.96 and a twelve month high of $101.30.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. MaxLinear had a negative return on equity of 2.33% and a negative net margin of 25.96%.The firm had revenue of $137.19 million during the quarter, compared to the consensus estimate of $137.15 million. During the same period in the prior year, the firm earned ($0.05) EPS. The firm’s quarterly revenue was up 43.0% compared to the same quarter last year. On average, equities research analysts forecast that MaxLinear, Inc will post 0.52 earnings per share for the current year.

About MaxLinear

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.