GSA Capital Partners LLP Buys Shares of 9,280 MaxLinear, Inc $MXL

GSA Capital Partners LLP bought a new position in shares of MaxLinear, Inc (NASDAQ:MXL) during the second quarter, HoldingsChannel reports. The fund bought 9,280 shares of the semiconductor company’s stock, valued at approximately $1,188,000.

Several other institutional investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of MaxLinear by 16.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 217 shares in the last quarter. GAMMA Investing LLC increased its holdings in MaxLinear by 5.6% in the 2nd quarter. GAMMA Investing LLC now owns 6,152 shares of the semiconductor company’s stock worth $788,000 after purchasing an additional 326 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in MaxLinear in the 2nd quarter worth about $47,000. Captrust Financial Advisors increased its holdings in MaxLinear by 4.3% in the 4th quarter. Captrust Financial Advisors now owns 14,074 shares of the semiconductor company’s stock worth $245,000 after purchasing an additional 577 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in MaxLinear by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 45,677 shares of the semiconductor company’s stock valued at $795,000 after purchasing an additional 632 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MaxLinear

In other MaxLinear news, Director Thomas E. Pardun sold 11,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total value of $1,155,000.00. Following the completion of the sale, the director directly owned 55,252 shares in the company, valued at approximately $5,801,460. This trade represents a 16.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Benchmark began coverage on MaxLinear in a research note on Wednesday, May 27th. They set a “buy” rating and a $125.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a research note on Friday, July 17th. Roth Capital raised their price objective on shares of MaxLinear from $60.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 24th. Stifel Nicolaus lifted their target price on shares of MaxLinear from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Loop Capital raised shares of MaxLinear from a “hold” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $75.00 in a report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $85.00.

MaxLinear Price Performance

Shares of MXL opened at $84.76 on Tuesday. MaxLinear, Inc has a 52-week low of $12.77 and a 52-week high of $128.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 1.78. The business’s 50 day moving average price is $82.95 and its two-hundred day moving average price is $55.90. The firm has a market cap of $7.69 billion, a PE ratio of -71.23 and a beta of 3.96.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $168.85 million for the quarter, compared to analysts’ expectations of $164.64 million. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The company’s revenue for the quarter was up 55.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. On average, equities analysts anticipate that MaxLinear, Inc will post 0.78 EPS for the current year.

About MaxLinear

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.