MaxLinear, Inc $MXL Holdings Boosted by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its position in shares of MaxLinear, Inc (NASDAQ:MXL) by 68.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 427,195 shares of the semiconductor company’s stock after purchasing an additional 173,709 shares during the quarter. Tudor Investment Corp ET AL’s holdings in MaxLinear were worth $6,869,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in shares of MaxLinear by 97.0% during the third quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 1,039 shares in the last quarter. Quarry LP raised its position in MaxLinear by 1,293.0% during the third quarter. Quarry LP now owns 2,187 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,030 shares during the period. Bessemer Group Inc. lifted its stake in MaxLinear by 917.6% in the 3rd quarter. Bessemer Group Inc. now owns 3,175 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 2,863 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in MaxLinear by 104.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 1,828 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in MaxLinear during the 3rd quarter worth about $58,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MXL shares. Benchmark lifted their target price on MaxLinear from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company raised their price target on shares of MaxLinear from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $19.57.

MaxLinear Trading Up 3.5%

NASDAQ MXL opened at $17.14 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. MaxLinear, Inc has a 1-year low of $8.35 and a 1-year high of $20.82. The firm’s fifty day simple moving average is $18.02 and its 200-day simple moving average is $17.01. The company has a market capitalization of $1.48 billion, a PE ratio of -10.85 and a beta of 1.70.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings data on Thursday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. MaxLinear had a negative return on equity of 6.95% and a negative net margin of 29.23%.The firm had revenue of $136.44 million during the quarter, compared to analysts’ expectations of $134.82 million. During the same quarter last year, the firm earned ($0.09) earnings per share. The business’s revenue for the quarter was up 48.0% on a year-over-year basis. As a group, sell-side analysts anticipate that MaxLinear, Inc will post -0.37 earnings per share for the current fiscal year.

MaxLinear declared that its board has approved a share repurchase program on Monday, November 24th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 5.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at MaxLinear

In other news, insider Steven G. Litchfield sold 20,000 shares of MaxLinear stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $15.68, for a total transaction of $313,600.00. Following the completion of the sale, the insider directly owned 343,435 shares in the company, valued at $5,385,060.80. The trade was a 5.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 44,929 shares of company stock worth $746,456. 7.80% of the stock is owned by company insiders.

MaxLinear Company Profile

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.