MaxLinear, Inc. (NASDAQ:MXL) VP Sells $93,940.00 in Stock

MaxLinear, Inc. (NASDAQ:MXL) VP William Torgerson sold 6,100 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $15.40, for a total transaction of $93,940.00. Following the sale, the vice president now owns 179,262 shares in the company, valued at $2,760,634.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

MaxLinear Trading Down 4.7 %

Shares of NASDAQ MXL opened at $14.88 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. MaxLinear, Inc. has a 12 month low of $11.08 and a 12 month high of $26.59. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -5.47 and a beta of 1.85. The business has a fifty day simple moving average of $14.25 and a 200-day simple moving average of $16.49.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The firm had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $80.40 million. MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. MaxLinear’s quarterly revenue was down 40.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) earnings per share. Sell-side analysts predict that MaxLinear, Inc. will post -1.66 EPS for the current year.

Hedge Funds Weigh In On MaxLinear

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in MaxLinear during the 1st quarter valued at about $27,000. Innealta Capital LLC acquired a new position in MaxLinear in the 2nd quarter valued at approximately $30,000. International Assets Investment Management LLC acquired a new position in MaxLinear in the 2nd quarter valued at approximately $31,000. Truvestments Capital LLC purchased a new stake in MaxLinear in the 3rd quarter worth approximately $42,000. Finally, GAMMA Investing LLC boosted its stake in shares of MaxLinear by 151.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,472 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 2,093 shares during the period. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Susquehanna downgraded MaxLinear from a “positive” rating to a “neutral” rating and cut their target price for the stock from $26.00 to $15.00 in a research report on Tuesday, October 1st. Benchmark restated a “buy” rating and issued a $22.00 price objective on shares of MaxLinear in a report on Thursday, October 24th. Stifel Nicolaus raised their target price on MaxLinear from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Northland Securities dropped their price target on shares of MaxLinear from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.86.

About MaxLinear

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.