Thomas E. Pardun Sells 16,575 Shares of MaxLinear, Inc. (MXL) Stock

MaxLinear, Inc. (NYSE:MXL) Director Thomas E. Pardun sold 16,575 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $22.15, for a total value of $367,136.25. Following the sale, the director now directly owns 82,827 shares of the company’s stock, valued at approximately $1,834,618.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of MXL traded up $0.13 during mid-day trading on Wednesday, hitting $22.44. The company’s stock had a trading volume of 279,470 shares, compared to its average volume of 611,152. MaxLinear, Inc. has a one year low of $14.87 and a one year high of $26.03. The company has a current ratio of 2.56, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 1.41 and a beta of 1.00.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.11. MaxLinear had a positive return on equity of 11.90% and a negative net margin of 6.80%. The company had revenue of $87.63 million during the quarter, compared to analysts’ expectations of $87.00 million. During the same period in the prior year, the business earned $0.38 earnings per share. MaxLinear’s revenue for the quarter was down 22.9% compared to the same quarter last year. Equities analysts predict that MaxLinear, Inc. will post 0.77 EPS for the current year.

MXL has been the subject of a number of recent analyst reports. Susquehanna Bancshares cut MaxLinear from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $21.00 to $18.00 in a research report on Thursday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of MaxLinear in a research report on Wednesday, October 31st. UBS Group cut MaxLinear from a “positive” rating to a “neutral” rating in a research report on Thursday, October 25th. ValuEngine cut MaxLinear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, JPMorgan Chase & Co. initiated coverage on MaxLinear in a research report on Friday, January 4th. They set a “neutral” rating and a $18.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $21.83.

Several institutional investors and hedge funds have recently bought and sold shares of MXL. Bank of America Corp DE boosted its position in shares of MaxLinear by 5.0% in the second quarter. Bank of America Corp DE now owns 414,883 shares of the semiconductor company’s stock valued at $6,468,000 after acquiring an additional 19,705 shares during the period. Northern Trust Corp raised its stake in shares of MaxLinear by 2.9% in the second quarter. Northern Trust Corp now owns 818,396 shares of the semiconductor company’s stock valued at $12,758,000 after purchasing an additional 22,745 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of MaxLinear by 111.6% in the third quarter. Victory Capital Management Inc. now owns 181,240 shares of the semiconductor company’s stock valued at $3,603,000 after purchasing an additional 95,570 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of MaxLinear by 46.4% in the third quarter. JPMorgan Chase & Co. now owns 18,590 shares of the semiconductor company’s stock valued at $370,000 after purchasing an additional 5,892 shares in the last quarter. Finally, Wasatch Advisors Inc. acquired a new position in shares of MaxLinear in the third quarter valued at $3,876,000. 94.87% of the stock is owned by institutional investors.

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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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