Insider Selling: MaxLinear, Inc. (NYSE:MXL) VP Sells 3,495 Shares of Stock

MaxLinear, Inc. (NYSE:MXL) VP Michael J. Lachance sold 3,495 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $21.90, for a total value of $76,540.50. Following the completion of the sale, the vice president now owns 56,475 shares of the company’s stock, valued at $1,236,802.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael J. Lachance also recently made the following trade(s):

  • On Wednesday, May 22nd, Michael J. Lachance sold 36,470 shares of MaxLinear stock. The shares were sold at an average price of $21.65, for a total value of $789,575.50.

MXL traded up $0.22 during trading on Friday, reaching $22.18. 24,296 shares of the stock traded hands, compared to its average volume of 353,978. The company has a current ratio of 2.44, a quick ratio of 1.86 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.54 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 3.08 and a beta of 1.29. MaxLinear, Inc. has a 12 month low of $14.87 and a 12 month high of $28.70.

MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.09. The business had revenue of $84.64 million for the quarter, compared to analysts’ expectations of $84.44 million. MaxLinear had a negative net margin of 9.17% and a positive return on equity of 8.68%. The business’s quarterly revenue was down 23.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 earnings per share. As a group, research analysts predict that MaxLinear, Inc. will post 0.57 EPS for the current fiscal year.

A number of analysts recently weighed in on MXL shares. ValuEngine upgraded MaxLinear from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Zacks Investment Research upgraded MaxLinear from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Roth Capital decreased their price objective on MaxLinear from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, June 4th. Wells Fargo & Co started coverage on MaxLinear in a report on Tuesday, May 14th. They issued a “market perform” rating for the company. Finally, Needham & Company LLC downgraded MaxLinear from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.80.

A number of institutional investors and hedge funds have recently modified their holdings of MXL. Norges Bank bought a new stake in MaxLinear during the fourth quarter valued at $23,105,000. Channing Capital Management LLC boosted its position in shares of MaxLinear by 128.9% during the 4th quarter. Channing Capital Management LLC now owns 1,256,079 shares of the semiconductor company’s stock worth $22,107,000 after purchasing an additional 707,366 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of MaxLinear by 10.8% during the 4th quarter. Macquarie Group Ltd. now owns 4,816,410 shares of the semiconductor company’s stock worth $84,769,000 after purchasing an additional 469,445 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of MaxLinear by 160.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 517,093 shares of the semiconductor company’s stock worth $13,201,000 after purchasing an additional 318,731 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of MaxLinear during the 1st quarter worth about $6,216,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

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MaxLinear Company Profile

MaxLinear, Inc provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

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Insider Buying and Selling by Quarter for MaxLinear (NYSE:MXL)

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