Deutsche Bank AG Makes New Investment in MaxLinear, Inc $MXL

Deutsche Bank AG acquired a new stake in shares of MaxLinear, Inc (NASDAQ:MXL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 219,332 shares of the semiconductor company’s stock, valued at approximately $28,081,000. Deutsche Bank AG owned approximately 0.24% of MaxLinear as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Perigon Wealth Management LLC purchased a new stake in shares of MaxLinear during the second quarter worth about $248,000. AIGH Capital Management LLC purchased a new position in MaxLinear in the 2nd quarter valued at about $104,729,000. OneDigital Investment Advisors LLC acquired a new stake in MaxLinear in the 2nd quarter worth about $303,000. Simplicity Wealth LLC acquired a new stake in MaxLinear in the 2nd quarter worth about $250,000. Finally, Global Retirement Partners LLC purchased a new stake in MaxLinear during the 2nd quarter worth approximately $56,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

Analyst Ratings Changes

MXL has been the topic of several research reports. Susquehanna raised their target price on MaxLinear from $45.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Stifel Nicolaus boosted their price target on MaxLinear from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Northland Securities set a $110.00 price objective on MaxLinear in a research note on Wednesday, June 3rd. Needham & Company LLC raised their price objective on MaxLinear from $60.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Benchmark started coverage on shares of MaxLinear in a research note on Wednesday, May 27th. They set a “buy” rating and a $125.00 target price on the stock. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $85.00.

MaxLinear Price Performance

MXL stock opened at $66.61 on Friday. The business has a 50 day simple moving average of $82.17 and a 200-day simple moving average of $57.01. The firm has a market capitalization of $6.04 billion, a PE ratio of -55.97 and a beta of 3.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.78 and a quick ratio of 1.15. MaxLinear, Inc has a 1 year low of $12.77 and a 1 year high of $128.30.

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 the consensus estimate of $164.64 million. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The company’s revenue for the quarter was up 55.2% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS. Equities research analysts anticipate that MaxLinear, Inc will post 0.78 earnings per share for the current fiscal year.

Insider Transactions at MaxLinear

In other MaxLinear news, CEO Kishore Seendripu sold 351,454 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $85.95, for a total transaction of $30,207,471.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $1,155,000.00. Following the sale, the director directly owned 55,252 shares in the company, valued at $5,801,460. This represents a 16.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 602,454 shares of company stock valued at $51,589,671. Company insiders own 7.70% of the company’s stock.

About MaxLinear

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.