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 on Friday, November 8th. The shares were sold at an average price of $15.40, for a total transaction of $93,940.00. Following the transaction, the vice president now owns 179,262 shares of the company’s stock, valued at $2,760,634.80. This trade represents a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

MaxLinear Trading Down 3.8 %

Shares of MXL opened at $14.30 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.95. MaxLinear, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $26.59. The firm has a 50 day moving average price of $14.29 and a 200-day moving average price of $16.43. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -5.26 and a beta of 1.85.

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

Institutional Investors Weigh In On MaxLinear

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MXL. Headlands Technologies LLC bought a new position in shares of MaxLinear during the first quarter valued at approximately $27,000. Innealta Capital LLC bought a new position in MaxLinear in the 2nd quarter worth $30,000. International Assets Investment Management LLC purchased a new stake in shares of MaxLinear in the 2nd quarter worth about $31,000. Truvestments Capital LLC bought a new stake in shares of MaxLinear during the 3rd quarter valued at about $42,000. Finally, GAMMA Investing LLC increased its position in shares of MaxLinear by 151.8% during the third 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 institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a research report on Thursday, October 24th. Susquehanna lowered MaxLinear from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $26.00 to $15.00 in a report on Tuesday, October 1st. Craig Hallum decreased their price objective on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Benchmark reiterated a “buy” rating and set a $22.00 target price on shares of MaxLinear in a research report on Thursday, October 24th. Finally, Northland Securities cut their price target on shares of MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.86.

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.