Emerald Investment Advisers LLC Makes New $5.13 Million Investment in MaxLinear, Inc $MXL

Emerald Investment Advisers LLC purchased a new position in MaxLinear, Inc (NASDAQ:MXL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,040 shares of the semiconductor company’s stock, valued at approximately $5,126,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Pure Financial Advisors LLC bought a new position in shares of MaxLinear in the 4th quarter worth $1,424,000. HighTower Advisors LLC grew its position in MaxLinear by 1.7% in the 4th quarter. HighTower Advisors LLC now owns 656,319 shares of the semiconductor company’s stock valued at $11,440,000 after purchasing an additional 10,948 shares during the period. Pictet Asset Management Holding SA bought a new stake in MaxLinear during the 4th quarter valued at $190,000. Assenagon Asset Management S.A. increased its stake in MaxLinear by 110.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 221,266 shares of the semiconductor company’s stock valued at $28,329,000 after purchasing an additional 116,339 shares in the last quarter. Finally, AIGH Capital Management LLC bought a new stake in MaxLinear during the 2nd quarter valued at $104,729,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

Insider Activity

In other MaxLinear news, CEO Kishore Seendripu sold 351,454 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $85.95, for a total value of $30,207,471.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas E. Pardun sold 11,000 shares of the company’s 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 of the company’s stock, valued at $5,801,460. The trade was a 16.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 602,454 shares of company stock valued at $51,589,671. 7.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on MXL. 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 research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $40.00 target price on shares of MaxLinear in a research report on Friday, April 24th. Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a report on Friday, July 17th. Stifel Nicolaus raised their price target on shares of MaxLinear from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Northland Securities set a $110.00 price target on MaxLinear in a research note on Wednesday, June 3rd. Five 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $85.00.

MaxLinear Trading Up 2.0%

NASDAQ MXL opened at $66.61 on Friday. The firm has a market capitalization of $6.04 billion, a P/E ratio of -55.97 and a beta of 3.95. The business has a fifty day simple moving average of $82.17 and a 200 day simple moving average of $57.01. MaxLinear, Inc has a 12 month low of $12.77 and a 12 month high of $128.30. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26.

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, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $168.85 million for the quarter, compared to the consensus estimate of $164.64 million. MaxLinear had a negative net margin of 18.24% and a positive return on equity of 2.24%. The business’s revenue for the quarter was up 55.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 EPS. On average, analysts predict that MaxLinear, Inc will post 0.78 EPS for the current fiscal year.

MaxLinear 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.