Michael J. Lachance Sells 36,470 Shares of MaxLinear, Inc. (MXL) Stock

MaxLinear, Inc. (NYSE:MXL) VP Michael J. Lachance sold 36,470 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $21.65, for a total transaction of $789,575.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

MXL stock opened at $21.37 on Friday. The firm has a market capitalization of $1.58 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 2.70 and a beta of 1.16. The company has a current ratio of 2.44, a quick ratio of 1.86 and a debt-to-equity ratio of 0.59. MaxLinear, Inc. has a 12 month low of $14.87 and a 12 month high of $28.70.

MaxLinear (NYSE:MXL) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $84.64 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 23.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. On average, research analysts expect that MaxLinear, Inc. will post 0.66 EPS for the current fiscal year.

Several analysts have weighed in on MXL shares. Needham & Company LLC reissued a “buy” rating on shares of MaxLinear in a research report on Wednesday, February 6th. ValuEngine raised shares of MaxLinear from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. Zacks Investment Research raised shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Co started coverage on shares of MaxLinear in a research report on Tuesday, May 14th. They set a “market perform” rating on the stock. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.20.

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of MaxLinear by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 660,461 shares of the semiconductor company’s stock valued at $11,624,000 after acquiring an additional 41,128 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of MaxLinear in the 4th quarter valued at $318,000. Principal Financial Group Inc. boosted its holdings in shares of MaxLinear by 1.1% in the 4th quarter. Principal Financial Group Inc. now owns 509,509 shares of the semiconductor company’s stock valued at $8,967,000 after acquiring an additional 5,395 shares during the last quarter. Channing Capital Management LLC boosted its holdings in shares of MaxLinear by 128.9% in the 4th quarter. Channing Capital Management LLC now owns 1,256,079 shares of the semiconductor company’s stock valued at $22,107,000 after acquiring an additional 707,366 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of MaxLinear by 41.7% in the 4th quarter. Deutsche Bank AG now owns 369,890 shares of the semiconductor company’s stock valued at $6,509,000 after acquiring an additional 108,920 shares during the last quarter. 90.38% of the stock is currently owned by institutional investors and hedge funds.

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About MaxLinear

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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