29,368 Shares in MaxLinear, Inc $MXL Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in MaxLinear, Inc (NASDAQ:MXL) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,368 shares of the semiconductor company’s stock, valued at approximately $3,760,000.

Several other institutional investors have also added to or reduced their stakes in the company. Callan Family Office LLC acquired a new stake in shares of MaxLinear in the 2nd quarter valued at $1,075,000. Allworth Financial LP acquired a new position in shares of MaxLinear during the 2nd quarter worth $285,000. Virtus Advisers LLC acquired a new position in shares of MaxLinear during the 2nd quarter worth $297,000. Vise Technologies Inc. bought a new stake in shares of MaxLinear during the 2nd quarter worth $368,000. Finally, Lisanti Capital Growth LLC bought a new stake in shares of MaxLinear during the 2nd quarter worth $2,741,000. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MaxLinear

In other news, CEO Kishore Seendripu sold 351,454 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.70% of the company’s stock.

MaxLinear Trading Down 5.7%

NASDAQ MXL opened at $62.78 on Tuesday. The company has a market cap of $5.69 billion, a price-to-earnings ratio of -52.76 and a beta of 3.96. MaxLinear, Inc has a twelve month low of $12.77 and a twelve month high of $128.30. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average is $81.65 and its 200 day moving average is $57.61.

MaxLinear (NASDAQ:MXL) last issued 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. The business had revenue of $168.85 million during the quarter, compared to analysts’ expectations of $164.64 million. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The business’s revenue for the quarter was up 55.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. As a group, sell-side analysts expect that MaxLinear, Inc will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MXL has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price on MaxLinear from $42.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Wall Street Zen raised shares of MaxLinear from a “hold” rating to a “buy” rating in a report on Sunday, July 26th. Roth Capital raised their price target on shares of MaxLinear from $60.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a report on Friday, July 17th. Finally, Benchmark initiated coverage on shares of MaxLinear in a research report on Wednesday, May 27th. They set a “buy” rating and a $125.00 price objective for the company. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.00.

MaxLinear Company 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.