MaxLinear, Inc $MXL Shares Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC increased its holdings in MaxLinear, Inc (NASDAQ:MXL) by 91.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,945 shares of the semiconductor company’s stock after purchasing an additional 19,535 shares during the quarter. Lisanti Capital Growth LLC’s holdings in MaxLinear were worth $3,698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MXL. EverSource Wealth Advisors LLC boosted its position in MaxLinear by 16.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 217 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of MaxLinear in the second quarter worth about $32,000. KBC Group NV bought a new stake in shares of MaxLinear in the 1st quarter valued at about $35,000. Reyes Financial Architecture Inc. bought a new stake in shares of MaxLinear in the 3rd quarter valued at about $44,000. Finally, Carolina Wealth Advisors LLC purchased a new stake in MaxLinear during the 2nd quarter valued at about $47,000. 90.79% of the stock is owned by institutional investors.

Insider Activity at MaxLinear

In other news, CEO Kishore Seendripu sold 351,454 shares of MaxLinear stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $85.95, for a total transaction of $30,207,471.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on MaxLinear from $95.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 20th. Morgan Stanley set a $125.00 price objective on MaxLinear in a research report on Monday, September 14th. Roth Capital increased their price objective on MaxLinear from $60.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Stifel Nicolaus raised their target price on shares of MaxLinear from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Wall Street Zen upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a report on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MaxLinear currently has an average rating of “Moderate Buy” and a consensus price target of $94.30.

MaxLinear Trading Up 11.4%

NASDAQ MXL opened at $59.95 on Thursday. The stock has a market cap of $5.46 billion, a P/E ratio of 85.44 and a beta of 3.97. MaxLinear, Inc has a fifty-two week low of $12.77 and a fifty-two week high of $128.30. The stock has a 50 day simple moving average of $76.07 and a two-hundred day simple moving average of $60.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.57 and a current ratio of 2.22.

MaxLinear (NASDAQ:MXL) last posted its earnings results on Thursday, October 22nd. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.06. The firm had revenue of $218.06 million for the quarter, compared to analysts’ expectations of $214.95 million. MaxLinear had a positive return on equity of 12.89% and a negative net margin of 4.45%. The business’s revenue was up 72.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, analysts forecast that MaxLinear, Inc will post 1.10 earnings per share for the current year.

About MaxLinear

MaxLinear, Inc. is a fabless semiconductor company that designs radio-frequency, analog and mixed-signal components, as well as system-on-chip products. Its technologies are used to move and process data in broadband, wireless, wired-networking and infrastructure applications. The company’s products support equipment such as broadband access devices, Wi-Fi systems, Ethernet and optical networking equipment, and wireless infrastructure. MaxLinear sells to customers around the world, including communications equipment manufacturers and other technology companies.