Ratan Capital Management LP Takes $13.77 Million Position in MaxLinear, Inc $MXL

Ratan Capital Management LP bought a new stake in MaxLinear, Inc (NASDAQ:MXL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 107,581 shares of the semiconductor company’s stock, valued at approximately $13,774,000. MaxLinear makes up 4.4% of Ratan Capital Management LP’s holdings, making the stock its 10th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in MaxLinear in the second quarter valued at $1,754,062,000. Invesco Ltd. increased its stake in shares of MaxLinear by 419.9% during the 4th quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock worth $37,467,000 after purchasing an additional 1,736,141 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of MaxLinear during the 2nd quarter worth about $165,221,000. AIGH Capital Management LLC bought a new stake in shares of MaxLinear in the 2nd quarter valued at about $104,729,000. Finally, Paradigm Capital Management Inc. NY lifted its stake in MaxLinear by 582.7% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 861,000 shares of the semiconductor company’s stock valued at $15,007,000 after purchasing an additional 734,875 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen raised MaxLinear from a “hold” rating to a “buy” rating in a research report on Sunday, July 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a research report on Friday, July 17th. Northland Securities set a $110.00 target price on MaxLinear in a research note on Wednesday, June 3rd. Susquehanna boosted their target price on MaxLinear from $45.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Benchmark assumed coverage on MaxLinear in a research note on Wednesday, May 27th. They issued a “buy” rating and a $125.00 price target on the stock. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, MaxLinear has an average rating of “Hold” and a consensus price target of $85.00.

MaxLinear Price Performance

MaxLinear stock opened at $61.73 on Friday. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of -51.87 and a beta of 3.95. The stock’s 50 day moving average is $79.84 and its 200-day moving average is $58.62. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. MaxLinear, Inc has a 12 month low of $12.77 and a 12 month high of $128.30.

MaxLinear (NASDAQ:MXL) last issued its earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $168.85 million for the quarter, compared to analyst estimates of $164.64 million. MaxLinear had a negative net margin of 18.24% and a positive return on equity of 2.24%. The company’s quarterly revenue was up 55.2% on a year-over-year basis. During the same quarter last year, the business posted $0.02 earnings per share. Equities research analysts expect that MaxLinear, Inc will post 0.78 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Kishore Seendripu sold 351,454 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $85.95, for a total transaction of $30,207,471.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 7.70% of the stock is owned by corporate insiders.

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.