Strs Ohio Buys 10,100 Shares of MaxLinear, Inc $MXL

Strs Ohio grew its stake in shares of MaxLinear, Inc (NASDAQ:MXL) by 481.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,200 shares of the semiconductor company’s stock after buying an additional 10,100 shares during the quarter. Strs Ohio’s holdings in MaxLinear were worth $212,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors grew its position in MaxLinear by 4.3% in the fourth quarter. Captrust Financial Advisors now owns 14,074 shares of the semiconductor company’s stock worth $245,000 after acquiring an additional 577 shares in the last quarter. State of Alaska Department of Revenue increased its stake 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 acquiring an additional 632 shares during the last quarter. ProShare Advisors LLC raised its position in MaxLinear by 4.3% during the fourth quarter. ProShare Advisors LLC now owns 16,048 shares of the semiconductor company’s stock valued at $280,000 after purchasing an additional 664 shares in the last quarter. Smartleaf Asset Management LLC raised its position in MaxLinear by 103.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 726 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in MaxLinear by 161.7% during the fourth quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 875 shares during the last quarter. 90.79% of the stock is owned by institutional investors.

MaxLinear Price Performance

Shares of NASDAQ:MXL opened at $91.30 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.18 billion, a PE ratio of -60.07 and a beta of 3.91. The company’s fifty day moving average is $91.19 and its 200 day moving average is $45.53. MaxLinear, Inc has a 52 week low of $12.77 and a 52 week high of $128.30.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. MaxLinear had a negative net margin of 25.96% and a negative return on equity of 2.33%. The business had revenue of $137.19 million during the quarter, compared to analyst estimates of $137.15 million. During the same period in the prior year, the business posted ($0.05) earnings per share. The company’s revenue was up 43.0% on a year-over-year basis. Research analysts anticipate that MaxLinear, Inc will post 0.52 earnings per share for the current year.

Insider Transactions at MaxLinear

In related news, Director Thomas E. Pardun sold 11,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the completion of the sale, the director directly owned 55,252 shares in the company, valued at $5,801,460. This represents a 16.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Connie H. Kwong sold 35,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $96.96, for a total value of $3,393,600.00. Following the sale, the insider owned 13,947 shares of the company’s stock, valued at $1,352,301.12. This represents a 71.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 65,168 shares of company stock valued at $5,559,358. 7.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MXL shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $40.00 price objective on shares of MaxLinear in a report on Friday, April 24th. Susquehanna reissued a “neutral” rating and set a $30.00 price objective on shares of MaxLinear in a report on Monday, April 20th. Northland Securities set a $110.00 target price on MaxLinear in a research report on Wednesday, June 3rd. Needham & Company LLC raised MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Friday, April 24th. Finally, Roth Capital upgraded shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.50.

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.