MaxLinear, Inc. (NYSE:MXL) VP Michael J. Lachance sold 25,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $23.63, for a total transaction of $590,750.00. Following the sale, the vice president now owns 71,757 shares in the company, valued at $1,695,617.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
MaxLinear, Inc. (NYSE MXL) opened at $22.73 on Thursday. MaxLinear, Inc. has a 52-week low of $20.38 and a 52-week high of $32.47. The company has a market capitalization of $1,604.33, a PE ratio of -151.52 and a beta of 0.41. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.94 and a current ratio of 2.64.
MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. MaxLinear had a positive return on equity of 20.70% and a negative net margin of 2.19%. The business had revenue of $113.72 million during the quarter, compared to the consensus estimate of $114.01 million. research analysts predict that MaxLinear, Inc. will post 1.26 EPS for the current year.
A number of brokerages have issued reports on MXL. Zacks Investment Research lowered shares of MaxLinear from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 20th. Needham & Company LLC cut their price target on shares of MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. Finally, Roth Capital reiterated a “buy” rating and set a $33.00 price target on shares of MaxLinear in a research note on Friday, December 29th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.20.
MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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