MaxLinear, Inc $MXL Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its stake in MaxLinear, Inc (NASDAQ:MXL) by 108.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 405,224 shares of the semiconductor company’s stock after acquiring an additional 210,685 shares during the period. Sei Investments Co.’s holdings in MaxLinear were worth $7,047,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in shares of MaxLinear by 161.7% in the fourth quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 875 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of MaxLinear by 103.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 726 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of MaxLinear during the fourth quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in MaxLinear during the 4th quarter worth about $27,000. Finally, KBC Group NV purchased a new stake in MaxLinear during the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MXL. Loop Capital upgraded shares of MaxLinear from a “hold” rating to a “buy” rating and upped their target price for the company from $17.00 to $75.00 in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $40.00 price target on shares of MaxLinear in a report on Friday, April 24th. Susquehanna boosted their price objective on shares of MaxLinear from $45.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Northland Securities set a $110.00 price objective on shares of MaxLinear in a research note on Wednesday, June 3rd. Finally, Benchmark assumed coverage on shares of MaxLinear in a research report on Wednesday, May 27th. They set a “buy” rating and a $125.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, MaxLinear presently has an average rating of “Hold” and an average target price of $85.00.

MaxLinear Stock Performance

NASDAQ MXL opened at $67.11 on Tuesday. The business’s 50-day moving average price is $86.26 and its 200 day moving average price is $52.00. 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 twelve month low of $12.77 and a twelve month high of $128.30. The company has a market capitalization of $6.09 billion, a PE ratio of -56.39 and a beta of 3.96.

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

Insider Activity at MaxLinear

In related news, Director Thomas E. Pardun sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the completion of the transaction, the director owned 55,252 shares of the company’s stock, valued at approximately $5,801,460. This represents a 16.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Connie H. Kwong sold 35,000 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $1,352,301.12. This represents a 71.51% decrease in their position. The SEC filing for this sale provides additional information. 7.70% of the stock is currently owned by company insiders.

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.