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

Ieq Capital LLC purchased a new stake in shares of MaxLinear, Inc (NASDAQ:MXL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 29,368 shares of the semiconductor company’s stock, valued at approximately $3,760,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Carolina Wealth Advisors LLC acquired a new position in shares of MaxLinear in the second quarter valued at $47,000. Global Retirement Partners LLC acquired a new stake in shares of MaxLinear during the 2nd quarter worth about $56,000. State of Wyoming acquired a new stake in shares of MaxLinear during the 2nd quarter worth about $126,000. CoreCap Advisors LLC bought a new stake in shares of MaxLinear during the 2nd quarter worth about $134,000. Finally, Larson Financial Group LLC grew its stake in MaxLinear by 161.7% in the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 875 shares during the last quarter. 90.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MXL. Roth Capital increased their price target on shares of MaxLinear from $60.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 24th. Northland Securities set a $110.00 target price on MaxLinear in a research note on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a research note on Friday, July 17th. Stifel Nicolaus boosted their price target on MaxLinear from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Susquehanna upped their price objective on MaxLinear from $45.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, July 24th. 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, MaxLinear presently has an average rating of “Hold” and an average target price of $85.00.

MaxLinear Stock Down 5.7%

NASDAQ MXL opened at $62.78 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. MaxLinear, Inc has a 1-year low of $12.77 and a 1-year high of $128.30. The company has a 50 day moving average of $81.65 and a 200-day moving average of $57.61. 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 (NASDAQ:MXL) last issued its quarterly 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 positive return on equity of 2.24% and a negative net margin of 18.24%.The business had revenue of $168.85 million for the quarter, compared to the consensus estimate of $164.64 million. During the same quarter in the prior 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. On average, equities research analysts expect that MaxLinear, Inc will post 0.78 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Kishore Seendripu sold 351,454 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.