MaxLinear Inc. (NYSE:MXL) insider Connie H. Kwong sold 743 shares of the company’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $22.01, for a total value of $16,353.43. Following the completion of the sale, the insider now directly owns 461 shares in the company, valued at approximately $10,146.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Connie H. Kwong also recently made the following trade(s):

  • On Tuesday, November 15th, Connie H. Kwong sold 2,009 shares of MaxLinear stock. The shares were sold at an average price of $21.51, for a total value of $43,213.59.

MaxLinear (NYSE:MXL) last released its earnings results on Monday, November 7th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The company earned $96.30 million during the quarter, compared to analysts’ expectations of $16.14 million. MaxLinear had a return on equity of 34.63% and a net margin of 10.72%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS.

Insider Buying and Selling by Quarter for MaxLinear (NYSE:MXL)

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MXL has been the topic of several research reports. Zacks Investment Research raised MaxLinear from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Saturday, November 12th. Needham & Company LLC upped their target price on MaxLinear from $21.00 to $22.50 and gave the company a “buy” rating in a report on Tuesday, November 8th. Chardan Capital restated a “buy” rating on shares of MaxLinear in a research report on Wednesday, November 2nd. Deutsche Bank AG reduced their price objective on MaxLinear from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Finally, Stifel Nicolaus reduced their price objective on MaxLinear from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $22.79.

Several institutional investors have recently added to or reduced their stakes in MXL. Whale Rock Capital Management LLC boosted its position in MaxLinear by 8.1% in the second quarter. Whale Rock Capital Management LLC now owns 2,414,490 shares of the company’s stock valued at $43,413,000 after buying an additional 180,107 shares during the period. Lord Abbett & CO. LLC boosted its position in MaxLinear by 253.9% in the second quarter. Lord Abbett & CO. LLC now owns 2,394,055 shares of the company’s stock valued at $43,045,000 after buying an additional 1,717,539 shares during the period. Vanguard Group Inc. boosted its position in MaxLinear by 15.0% in the second quarter. Vanguard Group Inc. now owns 2,289,026 shares of the company’s stock valued at $41,158,000 after buying an additional 299,312 shares during the period. Price T Rowe Associates Inc. MD boosted its position in MaxLinear by 32.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,423,724 shares of the company’s stock valued at $28,859,000 after buying an additional 350,329 shares during the period. Finally, BlackRock Fund Advisors boosted its position in MaxLinear by 6.6% in the third quarter. BlackRock Fund Advisors now owns 1,414,764 shares of the company’s stock valued at $28,677,000 after buying an additional 88,071 shares during the period. Institutional investors own 78.93% of the company’s stock.

About MaxLinear

MaxLinear, Inc is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.

5 Day Chart for NYSE:MXL

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