Insider Selling: MaxLinear, Inc. (NYSE:MXL) CEO Sells 10,400 Shares of Stock

MaxLinear, Inc. (NYSE:MXL) CEO Kishore Seendripu sold 10,400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $20.11, for a total transaction of $209,144.00. Following the completion of the sale, the chief executive officer now directly owns 20,677 shares in the company, valued at $415,814.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kishore Seendripu also recently made the following trade(s):

  • On Thursday, October 10th, Kishore Seendripu sold 10,400 shares of MaxLinear stock. The shares were sold at an average price of $21.72, for a total transaction of $225,888.00.
  • On Wednesday, September 18th, Kishore Seendripu sold 10,500 shares of MaxLinear stock. The shares were sold at an average price of $22.46, for a total transaction of $235,830.00.
  • On Friday, August 9th, Kishore Seendripu sold 21,000 shares of MaxLinear stock. The shares were sold at an average price of $20.79, for a total transaction of $436,590.00.

Shares of MXL opened at $20.30 on Friday. MaxLinear, Inc. has a 1-year low of $15.93 and a 1-year high of $28.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.62 and a quick ratio of 2.02. The firm’s 50 day simple moving average is $21.39 and its 200 day simple moving average is $22.44. The company has a market capitalization of $1.44 billion, a P/E ratio of 26.03, a P/E/G ratio of 4.35 and a beta of 1.23.

MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Thursday, October 24th. The semiconductor company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. MaxLinear had a negative net margin of 3.43% and a positive return on equity of 8.02%. The business had revenue of $80.00 million for the quarter, compared to analysts’ expectations of $80.04 million. During the same period last year, the business earned $0.19 earnings per share. The business’s quarterly revenue was down 5.9% on a year-over-year basis. On average, equities analysts anticipate that MaxLinear, Inc. will post 0.37 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of MXL. Cortina Asset Management LLC grew its position in MaxLinear by 25.1% during the second quarter. Cortina Asset Management LLC now owns 219,674 shares of the semiconductor company’s stock valued at $5,149,000 after acquiring an additional 44,088 shares during the last quarter. Truvestments Capital LLC grew its position in MaxLinear by 56.3% during the second quarter. Truvestments Capital LLC now owns 3,622 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 1,305 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in MaxLinear by 4.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 25,306 shares of the semiconductor company’s stock valued at $593,000 after acquiring an additional 1,000 shares during the last quarter. State of Alaska Department of Revenue grew its position in MaxLinear by 2.5% during the second quarter. State of Alaska Department of Revenue now owns 21,872 shares of the semiconductor company’s stock valued at $512,000 after acquiring an additional 536 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new position in MaxLinear during the second quarter valued at approximately $324,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

A number of equities research analysts recently weighed in on MXL shares. Zacks Investment Research downgraded shares of MaxLinear from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Roth Capital set a $21.00 target price on shares of MaxLinear and gave the company a “hold” rating in a research note on Friday, October 25th. Deutsche Bank set a $25.00 target price on shares of MaxLinear and gave the company a “hold” rating in a research note on Friday, July 26th. Stifel Nicolaus set a $26.00 target price on shares of MaxLinear and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, ValuEngine raised shares of MaxLinear from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. MaxLinear currently has an average rating of “Hold” and an average target price of $21.83.

MaxLinear Company Profile

MaxLinear, Inc provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

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Insider Buying and Selling by Quarter for MaxLinear (NYSE:MXL)

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