MaxLinear, Inc $MXL Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC decreased its position in shares of MaxLinear, Inc (NASDAQ:MXL) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,754 shares of the semiconductor company’s stock after selling 6,528 shares during the quarter. Legato Capital Management LLC’s holdings in MaxLinear were worth $1,338,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue boosted 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 boosted 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. Amalgamated Bank boosted its holdings in shares of MaxLinear by 3.5% during the third quarter. Amalgamated Bank now owns 23,210 shares of the semiconductor company’s stock valued at $373,000 after acquiring an additional 775 shares during the period. Arizona State Retirement System boosted 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. Finally, Larson Financial Group LLC boosted 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. Institutional investors and hedge funds own 90.79% of the company’s stock.

Wall Street Analyst Weigh In

MXL has been the subject of several analyst reports. Needham & Company LLC raised shares of MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Friday, April 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a report on Tuesday, April 21st. Northland Securities set a $55.00 price target on shares of MaxLinear in a report on Friday, April 24th. Loop Capital raised shares of MaxLinear from a “hold” rating to a “buy” rating and boosted their price target for the company from $17.00 to $75.00 in a report on Wednesday, April 29th. Finally, Roth Mkm raised shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a report on Friday, April 24th. Five investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.20.

Insider Transactions at MaxLinear

In related news, insider Connie H. Kwong sold 35,000 shares of MaxLinear stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven G. Litchfield sold 20,000 shares of MaxLinear stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $15.68, for a total value of $313,600.00. Following the transaction, the insider directly owned 343,435 shares in the company, valued at approximately $5,385,060.80. The trade was a 5.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 99,097 shares of company stock worth $5,150,815. 7.70% of the stock is owned by corporate insiders.

MaxLinear Price Performance

Shares of NASDAQ MXL opened at $99.16 on Monday. The firm’s 50-day simple moving average is $44.49 and its 200 day simple moving average is $26.93. The stock has a market cap of $8.88 billion, a P/E ratio of -65.24 and a beta of 3.95. MaxLinear, Inc has a fifty-two week low of $10.96 and a fifty-two week high of $104.27. The company has a quick ratio of 1.12, a current ratio of 1.70 and a debt-to-equity ratio of 0.27.

MaxLinear (NASDAQ:MXL) last released its earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 2.33% and a negative net margin of 25.96%.MaxLinear’s revenue was up 43.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) earnings per share. Equities analysts expect that MaxLinear, Inc will post 0.52 EPS for the current year.

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.