Timothy G. Youngquist 2020 Irrevocable Trust Buys New Shares in MaxLinear, Inc $MXL

Timothy G. Youngquist 2020 Irrevocable Trust purchased a new stake in shares of MaxLinear, Inc (NASDAQ:MXL) during the second quarter, Holdings Channel reports. The firm purchased 10,846 shares of the semiconductor company’s stock, valued at approximately $1,389,000.

Several other hedge funds have also recently added to or reduced their stakes in MXL. Larson Financial Group LLC boosted its holdings in shares of MaxLinear by 161.7% in the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 875 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of MaxLinear by 103.0% during the 4th 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 during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of MaxLinear during the 4th quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in shares of MaxLinear during the 4th quarter valued at about $27,000. Finally, EverSource Wealth Advisors LLC lifted its position in MaxLinear by 16.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock worth $27,000 after buying an additional 217 shares during the last quarter. Institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Down 14.3%

NASDAQ MXL opened at $72.63 on Wednesday. The stock has a 50-day moving average of $82.95 and a 200-day moving average of $56.27. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. MaxLinear, Inc has a 1-year low of $12.77 and a 1-year high of $128.30. The firm has a market cap of $6.59 billion, a PE ratio of -61.03 and a beta of 3.96.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The business had revenue of $168.85 million for the quarter, compared to analysts’ expectations of $164.64 million. During the same period in the previous year, the firm earned $0.02 EPS. The business’s quarterly revenue was up 55.2% on a year-over-year basis. As a group, sell-side analysts forecast that MaxLinear, Inc will post 0.78 EPS for the current year.

Analysts Set New Price Targets

MXL has been the subject of several research reports. Stifel Nicolaus upped their target price on MaxLinear from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Needham & Company LLC lifted their price target on shares of MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Northland Securities set a $110.00 price objective on shares of MaxLinear in a report on Wednesday, June 3rd. Loop Capital raised shares of MaxLinear from a “hold” rating to a “buy” rating and upped their price objective for the company from $17.00 to $75.00 in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company increased their target price on shares of MaxLinear from $42.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $85.00.

Insider Activity at MaxLinear

In related news, Director Thomas E. Pardun sold 11,000 shares of MaxLinear stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total value of $1,155,000.00. Following the transaction, the director directly owned 55,252 shares of the company’s stock, valued at $5,801,460. The trade was a 16.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kishore Seendripu sold 351,454 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $85.95, for a total transaction of $30,207,471.30. The SEC filing for this sale provides additional information. Insiders sold 602,454 shares of company stock worth $51,589,671 in the last 90 days. Company insiders own 7.70% of the company’s stock.

MaxLinear Profile

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.