Triumph Capital Management Acquires Shares of 15,592 MaxLinear, Inc $MXL

Triumph Capital Management bought a new stake in MaxLinear, Inc (NASDAQ:MXL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,592 shares of the semiconductor company’s stock, valued at approximately $1,996,000.

Several other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in MaxLinear by 161.7% during the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 875 shares during the last quarter. Smartleaf Asset Management LLC raised its position in MaxLinear by 103.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 726 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in MaxLinear in the fourth quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in MaxLinear in the fourth quarter worth about $27,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of MaxLinear by 16.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 217 shares during the period. Institutional investors own 90.79% of the company’s stock.

MaxLinear Stock Performance

Shares of NASDAQ:MXL opened at $59.91 on Tuesday. The firm’s 50 day simple moving average is $79.11 and its 200-day simple moving average is $59.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 1.78. MaxLinear, Inc has a one year low of $12.77 and a one year high of $128.30. The firm has a market cap of $5.43 billion, a PE ratio of -50.34 and a beta of 3.95.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share (EPS) 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 firm had revenue of $168.85 million during the quarter, compared to analyst estimates of $164.64 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. MaxLinear’s quarterly revenue was up 55.2% on a year-over-year basis. As a group, equities analysts predict that MaxLinear, Inc will post 0.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Benchmark initiated coverage on MaxLinear in a research note on Wednesday, May 27th. They set a “buy” rating and a $125.00 target price on the stock. Wells Fargo & Company raised their price target on MaxLinear from $42.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a report on Friday, July 17th. Wall Street Zen raised MaxLinear from a “hold” rating to a “buy” rating in a research report on Sunday, July 26th. Finally, Needham & Company LLC increased their target price on MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Five investment 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 data from MarketBeat, MaxLinear currently has an average rating of “Hold” and an average price target of $85.00.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, CEO Kishore Seendripu sold 351,454 shares of the company’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 Securities & Exchange Commission, which can be accessed through this link. Corporate 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.