66,020 Shares in MaxLinear, Inc $MXL Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in shares of MaxLinear, Inc (NASDAQ:MXL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 66,020 shares of the semiconductor company’s stock, valued at approximately $8,456,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of MaxLinear in the 2nd quarter worth $1,754,062,000. Invesco Ltd. raised its holdings in MaxLinear by 419.9% in the fourth quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock worth $37,467,000 after purchasing an additional 1,736,141 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of MaxLinear during the second quarter valued at about $165,221,000. AIGH Capital Management LLC bought a new stake in shares of MaxLinear in the 2nd quarter valued at about $104,729,000. Finally, Paradigm Capital Management Inc. NY grew its position in shares of MaxLinear by 582.7% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 861,000 shares of the semiconductor company’s stock worth $15,007,000 after buying an additional 734,875 shares during the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MaxLinear news, CEO Kishore Seendripu sold 351,454 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $85.95, for a total transaction of $30,207,471.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 7.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MXL. Stifel Nicolaus increased their target price on shares of MaxLinear from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Northland Securities set a $110.00 price objective on MaxLinear in a report on Wednesday, June 3rd. Susquehanna boosted their target price on MaxLinear from $45.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Roth Capital increased their price target on MaxLinear from $60.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company boosted 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. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MaxLinear presently has an average rating of “Hold” and an average price target of $85.00.

MaxLinear Price Performance

MXL stock opened at $61.73 on Monday. The firm has a market cap of $5.60 billion, a PE ratio of -51.87 and a beta of 3.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 1.78. The firm’s fifty day moving average is $79.84 and its 200 day moving average is $58.90. MaxLinear, Inc has a one year low of $12.77 and a one year high of $128.30.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. MaxLinear had a negative net margin of 18.24% and a positive return on equity of 2.24%. The business had revenue of $168.85 million during the quarter, compared to the consensus estimate of $164.64 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The company’s revenue was up 55.2% compared to the same quarter last year. On average, research analysts forecast that MaxLinear, Inc will post 0.78 EPS for the current year.

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.