MaxLinear, Inc $MXL Shares Sold by Rathbones Group PLC

Rathbones Group PLC reduced its stake in MaxLinear, Inc (NASDAQ:MXL) by 41.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,320 shares of the semiconductor company’s stock after selling 8,100 shares during the quarter. Rathbones Group PLC’s holdings in MaxLinear were worth $197,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC grew 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 valued at $25,000 after purchasing an additional 875 shares during the period. Smartleaf Asset Management LLC raised its stake in MaxLinear by 103.0% during the fourth 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. acquired a new position in MaxLinear in the 4th quarter valued at about $25,000. International Assets Investment Management LLC acquired a new position in MaxLinear in the 4th quarter valued at about $27,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of MaxLinear by 16.1% in the 1st 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. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $40.00 price target on shares of MaxLinear in a report on Friday, April 24th. Northland Securities set a $110.00 price objective on MaxLinear in a report on Wednesday, June 3rd. Wells Fargo & Company increased their price objective on MaxLinear from $42.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Susquehanna raised 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. Finally, Loop Capital upgraded MaxLinear from a “hold” rating to a “buy” rating and lifted their target price for the company from $17.00 to $75.00 in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.00.

Insider Buying and Selling at MaxLinear

In related news, Director Thomas E. Pardun sold 11,000 shares of the business’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 owned 55,252 shares in the company, valued at approximately $5,801,460. The trade was a 16.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.70% of the company’s stock.

MaxLinear Price Performance

Shares of MXL opened at $70.20 on Friday. MaxLinear, Inc has a 1-year low of $12.77 and a 1-year high of $128.30. The stock has a market cap of $6.37 billion, a PE ratio of -58.99 and a beta of 3.95. The firm has a 50-day simple moving average of $84.57 and a two-hundred day simple moving average of $53.09. 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 (NASDAQ:MXL) last posted its earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $168.85 million during the quarter, compared to the consensus estimate of $164.64 million. During the same quarter last year, the firm earned $0.02 EPS. The firm’s revenue for the quarter was up 55.2% on a year-over-year basis. As a group, analysts forecast that MaxLinear, Inc will post 0.78 EPS for the current year.

MaxLinear 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.