MaxLinear, Inc $MXL Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of MaxLinear, Inc (NASDAQ:MXL) by 82.9% in the 1st quarter, Holdings Channel reports. The firm owned 30,359 shares of the semiconductor company’s stock after selling 147,491 shares during the period. SG Americas Securities LLC’s holdings in MaxLinear were worth $528,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MXL. Royal Bank of Canada boosted its stake in MaxLinear by 3.1% during the 1st quarter. Royal Bank of Canada now owns 72,664 shares of the semiconductor company’s stock worth $789,000 after purchasing an additional 2,204 shares during the last quarter. AQR Capital Management LLC raised its position in shares of MaxLinear by 56.0% in the first quarter. AQR Capital Management LLC now owns 296,297 shares of the semiconductor company’s stock valued at $3,218,000 after buying an additional 106,355 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of MaxLinear by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,437 shares of the semiconductor company’s stock worth $515,000 after buying an additional 2,043 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of MaxLinear by 0.4% in the first quarter. Goldman Sachs Group Inc. now owns 535,230 shares of the semiconductor company’s stock worth $5,813,000 after buying an additional 2,039 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in MaxLinear by 23.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 182,362 shares of the semiconductor company’s stock worth $1,980,000 after acquiring an additional 35,152 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

MaxLinear Trading Down 10.3%

Shares of MXL stock opened at $85.82 on Wednesday. MaxLinear, Inc has a 1-year low of $12.77 and a 1-year high of $128.30. The firm has a market cap of $7.68 billion, a PE ratio of -56.46 and a beta of 3.91. The company has a 50-day moving average of $89.15 and a two-hundred day moving average of $43.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.12.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data 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 firm had revenue of $137.19 million for the quarter, compared to analyst estimates of $137.15 million. MaxLinear had a negative net margin of 25.96% and a negative return on equity of 2.33%. The business’s revenue for the quarter was up 43.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) EPS. On average, analysts predict that MaxLinear, Inc will post 0.52 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of MaxLinear in a report on Tuesday, April 21st. Benchmark initiated coverage on MaxLinear in a report on Wednesday, May 27th. They set a “buy” rating and a $125.00 target price on the stock. Wall Street Zen upgraded MaxLinear from a “hold” rating to a “buy” rating in a research report on Sunday. Loop Capital raised MaxLinear from a “hold” rating to a “buy” rating and increased their price target for the company from $17.00 to $75.00 in a report on Wednesday, April 29th. Finally, Stifel Nicolaus lifted their price objective on MaxLinear from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $65.50.

Insiders Place Their Bets

In other MaxLinear news, Director Thomas E. Pardun sold 11,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the transaction, the director directly owned 55,252 shares in the company, valued at $5,801,460. This represents a 16.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Connie H. Kwong sold 35,000 shares of MaxLinear stock in a transaction on Friday, May 8th. The shares were sold at an average price of $96.96, for a total value 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. The trade was a 71.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 65,168 shares of company stock worth $5,559,358 over the last 90 days. 7.70% of the stock is owned by 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.