Insider Selling: MaxLinear, Inc (MXL) Insider Sells 1,218 Shares of Stock

MaxLinear, Inc (NYSE:MXL) insider Connie H. Kwong sold 1,218 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $31.49, for a total transaction of $38,354.82. Following the completion of the transaction, the insider now directly owns 425 shares of the company’s stock, valued at approximately $13,383.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Connie H. Kwong also recently made the following trade(s):

  • On Monday, May 15th, Connie H. Kwong sold 1,724 shares of MaxLinear stock. The stock was sold at an average price of $31.06, for a total value of $53,547.44.

MaxLinear, Inc (NYSE:MXL) traded down 0.93% during midday trading on Friday, reaching $27.80. 1,552,532 shares of the company’s stock traded hands. The company has a market capitalization of $1.82 billion, a PE ratio of 38.45 and a beta of 0.65. The firm’s 50 day moving average price is $30.00 and its 200-day moving average price is $26.28. MaxLinear, Inc has a 1-year low of $16.84 and a 1-year high of $32.47.

MaxLinear (NYSE:MXL) last announced its earnings results on Tuesday, May 9th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. The firm had revenue of $88.84 million during the quarter, compared to analyst estimates of $88.02 million. MaxLinear had a net margin of 13.12% and a return on equity of 26.77%. MaxLinear’s revenue was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. Equities analysts expect that MaxLinear, Inc will post $1.45 EPS for the current year.

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

COPYRIGHT VIOLATION NOTICE: This report was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://transcriptdaily.com/2017/06/17/connie-h-kwong-sells-1218-shares-of-maxlinear-inc-mxl-stock-updated-updated.html.

Several institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System raised its position in MaxLinear by 4.2% in the fourth quarter. New York State Teachers Retirement System now owns 5,000 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 200 shares during the period. Envestnet Asset Management Inc. raised its position in MaxLinear by 28.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,780 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 1,267 shares during the period. Ameritas Investment Partners Inc. acquired a new position in MaxLinear during the first quarter valued at $135,000. KCG Holdings Inc. acquired a new position in MaxLinear during the first quarter valued at $212,000. Finally, Karp Capital Management Corp acquired a new position in MaxLinear during the first quarter valued at $217,000. Institutional investors own 84.49% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised MaxLinear from a “sell” rating to a “hold” rating and set a $37.00 price target on the stock in a research report on Friday, June 9th. Needham & Company LLC boosted their price objective on shares of MaxLinear from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, June 9th. Finally, Stifel Nicolaus boosted their price objective on shares of MaxLinear from $34.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. MaxLinear presently has a consensus rating of “Buy” and a consensus target price of $31.00.

About MaxLinear

MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.

Receive News & Ratings for MaxLinear Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MaxLinear Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply