AlphaMark Advisors LLC increased its stake in shares of MaxLinear (NYSE:MXL) by 28.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,353 shares of the semiconductor company’s stock after acquiring an additional 8,900 shares during the period. AlphaMark Advisors LLC owned about 0.06% of MaxLinear worth $918,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of MaxLinear by 62.1% during the first quarter. Envestnet Asset Management Inc. now owns 7,599 shares of the semiconductor company’s stock worth $173,000 after acquiring an additional 2,911 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in shares of MaxLinear during the fourth quarter worth $200,000. Meadow Creek Investment Management LLC acquired a new stake in shares of MaxLinear during the fourth quarter worth $216,000. Amalgamated Bank acquired a new stake in shares of MaxLinear during the fourth quarter worth $238,000. Finally, Campbell Newman Asset Management Inc. raised its holdings in shares of MaxLinear by 21.7% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 12,373 shares of the semiconductor company’s stock worth $327,000 after acquiring an additional 2,208 shares during the period. Institutional investors and hedge funds own 90.80% of the company’s stock.
Shares of MXL stock opened at $19.10 on Friday. The company has a current ratio of 3.00, a quick ratio of 2.32 and a debt-to-equity ratio of 0.79. MaxLinear has a 1 year low of $18.82 and a 1 year high of $19.17. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.95 and a beta of 0.55.
MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Tuesday, May 8th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. MaxLinear had a negative net margin of 3.57% and a positive return on equity of 19.99%. The firm had revenue of $110.83 million for the quarter, compared to analyst estimates of $111.91 million. During the same period in the previous year, the business earned $0.33 EPS. The company’s revenue was up 24.8% compared to the same quarter last year. research analysts expect that MaxLinear will post 1 EPS for the current year.
In other MaxLinear news, insider Connie H. Kwong sold 1,500 shares of MaxLinear stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $19.30, for a total value of $28,950.00. Following the sale, the insider now directly owns 5,609 shares in the company, valued at approximately $108,253.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael J. Lachance sold 25,000 shares of MaxLinear stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $23.08, for a total transaction of $577,000.00. Following the completion of the sale, the vice president now owns 70,582 shares in the company, valued at $1,629,032.56. The disclosure for this sale can be found here. Insiders sold a total of 73,821 shares of company stock worth $1,707,851 over the last quarter. Company insiders own 11.47% of the company’s stock.
A number of equities research analysts recently commented on MXL shares. Zacks Investment Research lowered shares of MaxLinear from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 20th. Needham & Company LLC dropped their price objective on shares of MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. Deutsche Bank lowered shares of MaxLinear from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a report on Wednesday, May 9th. Stifel Nicolaus dropped their price objective on shares of MaxLinear from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, May 9th. Finally, ValuEngine lowered shares of MaxLinear from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $30.80.
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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