Hsbc Holdings PLC Has $888,000 Position in MaxLinear, Inc $MXL

Hsbc Holdings PLC reduced its holdings in MaxLinear, Inc (NASDAQ:MXL) by 23.5% in the fourth quarter, HoldingsChannel reports. The firm owned 50,316 shares of the semiconductor company’s stock after selling 15,421 shares during the period. Hsbc Holdings PLC’s holdings in MaxLinear were worth $888,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pure Financial Advisors LLC bought a new stake in shares of MaxLinear in the 4th quarter valued at $1,424,000. Invesco Ltd. boosted its stake in MaxLinear by 419.9% during the fourth quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock worth $37,467,000 after acquiring an additional 1,736,141 shares in the last quarter. Summit Global Investments boosted its stake in MaxLinear by 68.2% during the fourth quarter. Summit Global Investments now owns 58,007 shares of the semiconductor company’s stock worth $1,011,000 after acquiring an additional 23,510 shares in the last quarter. XTX Topco Ltd grew its holdings in MaxLinear by 75.0% in the fourth quarter. XTX Topco Ltd now owns 54,622 shares of the semiconductor company’s stock worth $952,000 after purchasing an additional 23,417 shares during the period. Finally, nVerses Capital LLC acquired a new stake in MaxLinear in the fourth quarter worth $204,000. 90.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MXL shares. Wall Street Zen raised MaxLinear from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Stifel Nicolaus increased their price target on MaxLinear from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Needham & Company LLC raised MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Friday, April 24th. Roth Capital upgraded MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, MaxLinear has a consensus rating of “Hold” and an average target price of $65.50.

MaxLinear Trading Up 3.7%

NASDAQ:MXL opened at $92.59 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.70. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of -60.91 and a beta of 3.91. MaxLinear, Inc has a 52 week low of $12.77 and a 52 week high of $128.30. The firm has a 50-day moving average price of $91.78 and a two-hundred day moving average price of $46.56.

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

Insiders Place Their Bets

In other news, Director Thomas E. Pardun sold 11,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total value of $1,155,000.00. Following the completion of the transaction, the director directly owned 55,252 shares of the company’s stock, valued at $5,801,460. This trade represents a 16.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Connie H. Kwong sold 35,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $96.96, for a total value of $3,393,600.00. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 65,168 shares of company stock worth $5,559,358 in the last ninety days. 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.