114,900 Shares in MaxLinear, Inc $MXL Acquired by UNICOM Systems Inc.

UNICOM Systems Inc. acquired a new stake in MaxLinear, Inc (NASDAQ:MXL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 114,900 shares of the semiconductor company’s stock, valued at approximately $14,711,000. MaxLinear comprises 1.0% of UNICOM Systems Inc.’s holdings, making the stock its 25th biggest position.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in MaxLinear by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock valued at $232,279,000 after purchasing an additional 605,903 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of MaxLinear by 27.8% during the second quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock worth $41,054,000 after buying an additional 628,719 shares during the last quarter. Invesco Ltd. increased its position in MaxLinear by 419.9% in the 4th quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock valued at $37,467,000 after acquiring an additional 1,736,141 shares during the period. Geode Capital Management LLC increased its position in MaxLinear by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 2,038,144 shares of the semiconductor company’s stock valued at $35,531,000 after acquiring an additional 28,548 shares during the period. Finally, Marshall Wace LLP increased its position in MaxLinear by 31.8% in the 3rd quarter. Marshall Wace LLP now owns 1,826,259 shares of the semiconductor company’s stock valued at $29,366,000 after acquiring an additional 441,088 shares during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.

Insider Activity at MaxLinear

In other news, Director Thomas E. Pardun sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total value of $1,155,000.00. Following the completion of the sale, the director directly owned 55,252 shares of the company’s stock, valued at $5,801,460. This trade represents a 16.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.70% of the stock is owned by corporate insiders.

MaxLinear Trading Up 6.8%

NASDAQ MXL opened at $74.98 on Friday. The stock has a market capitalization of $6.80 billion, a P/E ratio of -63.01 and a beta of 3.95. MaxLinear, Inc has a 52-week low of $12.77 and a 52-week high of $128.30. The firm has a 50-day moving average price of $84.21 and a 200 day moving average price of $53.24. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.26.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data 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. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The company had revenue of $168.85 million for the quarter, compared to analyst estimates of $164.64 million. During the same quarter in the previous year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 55.2% compared to the same quarter last year. Equities research analysts expect that MaxLinear, Inc will post 0.78 EPS for the current year.

Analyst Upgrades and Downgrades

MXL has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on MaxLinear from $42.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Loop Capital raised MaxLinear from a “hold” rating to a “buy” rating and boosted their target price for the company from $17.00 to $75.00 in a report on Wednesday, April 29th. Benchmark started coverage on MaxLinear in a research note on Wednesday, May 27th. They set a “buy” rating and a $125.00 price target for the company. Wall Street Zen raised MaxLinear from a “hold” rating to a “buy” rating in a report on Sunday, July 26th. Finally, Northland Securities set a $110.00 price objective on shares of MaxLinear in a research report on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average 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.