Timothy G. Youngquist 2020 Irrevocable Trust Invests $1.39 Million in MaxLinear, Inc $MXL

Timothy G. Youngquist 2020 Irrevocable Trust acquired a new position in MaxLinear, Inc (NASDAQ:MXL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,846 shares of the semiconductor company’s stock, valued at approximately $1,389,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Carolina Wealth Advisors LLC bought a new position in MaxLinear during the second quarter worth about $47,000. Global Retirement Partners LLC bought a new position in MaxLinear in the 2nd quarter worth approximately $56,000. State of Wyoming bought a new position in MaxLinear in the 2nd quarter worth approximately $126,000. CoreCap Advisors LLC purchased a new position in MaxLinear in the 2nd quarter valued at approximately $134,000. Finally, Larson Financial Group LLC raised its holdings in MaxLinear by 161.7% during the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 875 shares during the period. 90.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MXL has been the topic of several recent research reports. Roth Capital increased their target price on MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Susquehanna boosted their price objective on MaxLinear from $45.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $40.00 price objective on shares of MaxLinear in a research note on Friday, April 24th. Needham & Company LLC raised their target price on MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company lifted their target price on MaxLinear from $42.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, MaxLinear presently has an average rating of “Hold” and an average price target of $85.00.

Insider Activity

In other news, CEO Kishore Seendripu sold 351,454 shares of MaxLinear stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $85.95, for a total transaction of $30,207,471.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas E. Pardun sold 11,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total value of $1,155,000.00. Following the transaction, the director directly owned 55,252 shares of the company’s stock, valued at $5,801,460. The trade was a 16.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 602,454 shares of company stock worth $51,589,671. Insiders own 7.70% of the company’s stock.

MaxLinear Trading Down 14.3%

MaxLinear stock opened at $72.63 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 1.78. MaxLinear, Inc has a fifty-two week low of $12.77 and a fifty-two week high of $128.30. The stock has a market cap of $6.59 billion, a P/E ratio of -61.03 and a beta of 3.96. The firm’s fifty day moving average price is $82.95 and its 200-day moving average price is $56.27.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings data on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The company had revenue of $168.85 million during the quarter, compared to analyst estimates of $164.64 million. During the same quarter last year, the company earned $0.02 earnings per share. The firm’s quarterly revenue was up 55.2% on a year-over-year basis. Equities research analysts forecast that MaxLinear, Inc will post 0.78 earnings per share for the current fiscal year.

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.