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

MaxLinear, Inc (NASDAQ:MXL) Director Thomas 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 transaction of $1,155,000.00. Following the completion of the sale, the director owned 55,252 shares in the company, valued at $5,801,460. The trade was a 16.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

MaxLinear Stock Performance

Shares of MXL opened at $92.93 on Friday. The firm has a 50-day moving average of $52.55 and a 200-day moving average of $29.73. MaxLinear, Inc has a one year low of $10.96 and a one year high of $106.28. The company has a market cap of $8.32 billion, a PE ratio of -61.14 and a beta of 3.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.12.

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

Wall Street Analyst Weigh In

MXL has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a research report on Tuesday, April 21st. Roth Mkm raised shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $40.00 price objective on shares of MaxLinear in a research report on Friday, April 24th. Benchmark initiated coverage on shares of MaxLinear in a research report on Wednesday. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Needham & Company LLC raised shares of MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, MaxLinear currently has a consensus rating of “Hold” and an average target price of $53.90.

Institutional Trading of MaxLinear

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in MaxLinear by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock valued at $232,279,000 after purchasing an additional 605,903 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in MaxLinear by 27.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock valued at $41,054,000 after purchasing an additional 628,719 shares during the period. Invesco Ltd. boosted its holdings in MaxLinear by 419.9% in the 4th quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock valued at $37,467,000 after purchasing an additional 1,736,141 shares during the period. Geode Capital Management LLC boosted its holdings in MaxLinear by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 2,038,144 shares of the semiconductor company’s stock valued at $35,531,000 after purchasing an additional 28,548 shares during the period. Finally, Marshall Wace LLP boosted its holdings in MaxLinear by 31.8% in the 3rd quarter. Marshall Wace LLP now owns 1,826,259 shares of the semiconductor company’s stock valued at $29,366,000 after purchasing an additional 441,088 shares during the period. Institutional investors own 90.79% of the company’s stock.

MaxLinear Company 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.