Ted L. Tewksbury III Sells 5,800 Shares of MaxLinear, Inc. (NASDAQ:MXL) Stock

MaxLinear, Inc. (NASDAQ:MXL) Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $15.36, for a total value of $89,088.00. Following the completion of the transaction, the director now owns 69,717 shares in the company, valued at $1,070,853.12. The trade was a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

MaxLinear Stock Down 5.9 %

MaxLinear stock opened at $14.94 on Wednesday. The company’s 50 day simple moving average is $14.42 and its 200 day simple moving average is $16.18. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -5.83 and a beta of 1.85. MaxLinear, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $26.59.

MaxLinear (NASDAQ:MXL) last released 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 during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. As a group, sell-side analysts anticipate that MaxLinear, Inc. will post -1.66 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research note on Thursday, October 24th. Benchmark restated a “buy” rating and set a $22.00 target price on shares of MaxLinear in a research report on Thursday, October 24th. Wells Fargo & Company assumed coverage on shares of MaxLinear in a research report on Friday, November 22nd. They set an “equal weight” rating and a $14.00 price target for the company. Susquehanna lowered shares of MaxLinear from a “positive” rating to a “neutral” rating and cut their price objective for the company from $26.00 to $15.00 in a report on Tuesday, October 1st. Finally, Craig Hallum lowered their target price on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.29.

Institutional Investors Weigh In On MaxLinear

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of MaxLinear by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company’s stock valued at $26,152,000 after purchasing an additional 6,420 shares during the period. Barclays PLC lifted its stake in MaxLinear by 47.6% in the third quarter. Barclays PLC now owns 335,804 shares of the semiconductor company’s stock valued at $4,860,000 after buying an additional 108,346 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of MaxLinear by 4,298.1% in the third quarter. Public Employees Retirement System of Ohio now owns 20,979 shares of the semiconductor company’s stock valued at $304,000 after buying an additional 20,502 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of MaxLinear by 35.7% during the third quarter. Orion Portfolio Solutions LLC now owns 32,259 shares of the semiconductor company’s stock worth $467,000 after acquiring an additional 8,495 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of MaxLinear by 21.8% during the third quarter. Two Sigma Advisers LP now owns 694,149 shares of the semiconductor company’s stock worth $10,051,000 after acquiring an additional 124,300 shares during the period. 90.79% of the stock is currently owned by institutional investors.

MaxLinear Company Profile

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.