Hodges Capital Management Inc. Has $8.28 Million Holdings in MaxLinear, Inc $MXL

Hodges Capital Management Inc. lowered its position in shares of MaxLinear, Inc (NASDAQ:MXL) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 475,111 shares of the semiconductor company’s stock after selling 9,055 shares during the quarter. Hodges Capital Management Inc. owned 0.55% of MaxLinear worth $8,281,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. State of Alaska Department of Revenue raised its holdings in shares of MaxLinear by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 45,677 shares of the semiconductor company’s stock valued at $795,000 after acquiring an additional 632 shares during the period. ProShare Advisors LLC raised its holdings in shares of MaxLinear by 4.3% during the fourth quarter. ProShare Advisors LLC now owns 16,048 shares of the semiconductor company’s stock valued at $280,000 after acquiring an additional 664 shares during the period. Arizona State Retirement System raised its holdings in shares of MaxLinear by 3.5% during the third quarter. Arizona State Retirement System now owns 24,295 shares of the semiconductor company’s stock valued at $391,000 after acquiring an additional 830 shares during the period. Larson Financial Group LLC raised its holdings in shares of MaxLinear by 161.7% during the fourth quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 875 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of MaxLinear by 97.0% during the third quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 1,039 shares during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.

Insider Activity at MaxLinear

In other MaxLinear news, Director Thomas E. Pardun sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total value of $1,155,000.00. Following the completion of the sale, the director directly owned 55,252 shares of the company’s stock, valued at $5,801,460. The trade was a 16.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Connie H. Kwong sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $96.96, for a total transaction of $3,393,600.00. Following the completion of the sale, the insider directly owned 13,947 shares of the company’s stock, valued at $1,352,301.12. This represents a 71.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,168 shares of company stock valued at $5,559,359 over the last three months. Insiders own 7.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $40.00 price objective on shares of MaxLinear in a research note on Friday, April 24th. Northland Securities set a $110.00 price objective on shares of MaxLinear in a research note on Wednesday, June 3rd. Roth Mkm upgraded shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Friday, April 24th. Finally, Needham & Company LLC upgraded shares of MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $65.00.

MaxLinear Stock Down 0.9%

MaxLinear stock opened at $71.95 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.70. The firm has a market cap of $6.44 billion, a PE ratio of -47.34 and a beta of 3.98. MaxLinear, Inc has a twelve month low of $11.63 and a twelve month high of $106.28. The firm’s 50 day moving average price is $63.13 and its two-hundred day moving average price is $33.74.

MaxLinear (NASDAQ:MXL) last posted its earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The company had revenue of $137.19 million during the quarter, compared to the consensus estimate of $137.15 million. MaxLinear had a negative net margin of 25.96% and a negative return on equity of 2.33%. The company’s revenue for the quarter was up 43.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. On average, research analysts predict that MaxLinear, Inc will post 0.52 EPS for the current fiscal year.

MaxLinear Profile

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.