Ted L. Tewksbury III Sells 5,800 Shares of MaxLinear, Inc. (NASDAQ:MXL) Stock

by · The Cerbat Gem

MaxLinear, Inc. (NASDAQ:MXL – Get Free Report) Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $15.36, for a total value of $89,088.00. Following the completion of the transaction, the director now owns 69,717 shares in the company, valued at $1,070,853.12. The trade was a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

MaxLinear Stock Down 5.9 %

MaxLinear stock opened at $14.94 on Wednesday. The company’s 50 day simple moving average is $14.42 and its 200 day simple moving average is $16.18. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -5.83 and a beta of 1.85. MaxLinear, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $26.59.

MaxLinear (NASDAQ:MXL – Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The firm had revenue of $81.10 million during the quarter, compared to the consensus estimate of $80.40 million. MaxLinear had a negative net margin of 57.37% and a negative return on equity of 19.22%. MaxLinear’s quarterly revenue was down 40.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. As a group, sell-side analysts anticipate that MaxLinear, Inc. will post -1.66 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research note on Thursday, October 24th. Benchmark restated a “buy” rating and set a $22.00 target price on shares of MaxLinear in a research report on Thursday, October 24th. Wells Fargo & Company assumed coverage on shares of MaxLinear in a research report on Friday, November 22nd. They set an “equal weight” rating and a $14.00 price target for the company. Susquehanna lowered shares of MaxLinear from a “positive” rating to a “neutral” rating and cut their price objective for the company from $26.00 to $15.00 in a report on Tuesday, October 1st. Finally, Craig Hallum lowered their target price on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.29.

Get Our Latest Research Report on MaxLinear

Institutional Investors Weigh In On MaxLinear

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of MaxLinear by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,805,722 shares of the semiconductor company’s stock valued at $26,152,000 after purchasing an additional 6,420 shares during the period. Barclays PLC lifted its stake in MaxLinear by 47.6% in the third quarter. Barclays PLC now owns 335,804 shares of the semiconductor company’s stock valued at $4,860,000 after buying an additional 108,346 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of MaxLinear by 4,298.1% in the third quarter. Public Employees Retirement System of Ohio now owns 20,979 shares of the semiconductor company’s stock valued at $304,000 after buying an additional 20,502 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of MaxLinear by 35.7% during the third quarter. Orion Portfolio Solutions LLC now owns 32,259 shares of the semiconductor company’s stock worth $467,000 after acquiring an additional 8,495 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of MaxLinear by 21.8% during the third quarter. Two Sigma Advisers LP now owns 694,149 shares of the semiconductor company’s stock worth $10,051,000 after acquiring an additional 124,300 shares during the period. 90.79% of the stock is currently owned by institutional investors.

MaxLinear Company Profile

(Get Free Report)

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.

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