Deutsche Bank AG Invests $28.08 Million in MaxLinear, Inc $MXL

Deutsche Bank AG purchased a new position in shares of MaxLinear, Inc (NASDAQ:MXL) during the second quarter, Holdings Channel reports. The firm purchased 219,332 shares of the semiconductor company’s stock, valued at approximately $28,081,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in MaxLinear by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock worth $232,279,000 after purchasing an additional 605,903 shares during the period. The Manufacturers Life Insurance Company increased its stake in MaxLinear by 27.8% in the second quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock valued at $41,054,000 after purchasing an additional 628,719 shares during the period. Invesco Ltd. raised its holdings in shares of MaxLinear by 419.9% in the fourth quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock valued at $37,467,000 after buying an additional 1,736,141 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of MaxLinear by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 2,038,144 shares of the semiconductor company’s stock valued at $35,531,000 after buying an additional 28,548 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of MaxLinear by 31.8% during the third quarter. Marshall Wace LLP now owns 1,826,259 shares of the semiconductor company’s stock worth $29,366,000 after buying an additional 441,088 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

MaxLinear Price Performance

Shares of NASDAQ MXL opened at $66.61 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $82.17 and its 200 day moving average price is $57.01. MaxLinear, Inc has a 52 week low of $12.77 and a 52 week high of $128.30. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of -55.97 and a beta of 3.95.

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

Insider Buying and Selling

In related news, Director Thomas E. Pardun sold 11,000 shares of MaxLinear stock in a transaction that occurred 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 completion of the transaction, the director directly owned 55,252 shares in the company, valued at $5,801,460. The trade was a 16.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kishore Seendripu sold 351,454 shares of MaxLinear stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $85.95, for a total value of $30,207,471.30. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 602,454 shares of company stock valued at $51,589,671. Corporate insiders own 7.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen upgraded MaxLinear from a “hold” rating to a “buy” rating in a research note on Sunday, July 26th. Wells Fargo & Company upped their price target on MaxLinear from $42.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Susquehanna increased their price target on MaxLinear from $45.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Northland Securities set a $110.00 price objective on shares of MaxLinear in a research report on Wednesday, June 3rd. Finally, Benchmark assumed coverage on shares of MaxLinear in a research note on Wednesday, May 27th. They issued a “buy” rating and a $125.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MaxLinear presently has an average rating of “Hold” and a consensus price target of $85.00.

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.