MaxLinear (NASDAQ:MXL) Director Thomas Pardun Sells 11,000 Shares

MaxLinear, Inc (NASDAQ:MXL) Director Thomas Pardun sold 11,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the completion of the sale, the director owned 55,252 shares of the company’s stock, valued at approximately $5,801,460. This represents a 16.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MaxLinear Stock Performance

Shares of MXL opened at $97.76 on Friday. 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 company has a market capitalization of $8.75 billion, a price-to-earnings ratio of -64.32 and a beta of 3.95. The stock has a 50 day moving average of $51.02 and a 200 day moving average of $29.29. MaxLinear, Inc has a 12 month low of $10.96 and a 12 month high of $106.28.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $137.19 million during the quarter, compared to the consensus estimate of $137.15 million. MaxLinear had a negative return on equity of 2.33% and a negative net margin of 25.96%.MaxLinear’s revenue was up 43.0% on a year-over-year basis. During the same period last year, the business posted ($0.05) earnings per share. As a group, sell-side analysts forecast that MaxLinear, Inc will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on MXL. Wells Fargo & Company lifted their price objective on shares of MaxLinear from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Stifel Nicolaus raised 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. Roth Mkm raised MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Friday, April 24th. Benchmark initiated coverage on MaxLinear in a research report on Wednesday. They issued a “buy” rating and a $125.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a research report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, MaxLinear currently has an average rating of “Hold” and an average price target of $53.90.

Hedge Funds Weigh In On MaxLinear

Large investors have recently modified their holdings of the business. Larson Financial Group LLC grew its position in shares of MaxLinear by 161.7% in the fourth quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 875 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of MaxLinear by 103.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 726 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of MaxLinear in the fourth quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in shares of MaxLinear in the fourth quarter valued at $27,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of MaxLinear by 16.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

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.