Tidal Investments LLC Grows Stake in MaxLinear, Inc $MXL

Tidal Investments LLC increased its stake in shares of MaxLinear, Inc (NASDAQ:MXL) by 23.4% in the 2nd quarter, Holdings Channel reports. The firm owned 56,467 shares of the semiconductor company’s stock after purchasing an additional 10,700 shares during the period. Tidal Investments LLC’s holdings in MaxLinear were worth $7,229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in MaxLinear by 161.7% in the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock worth $25,000 after buying an additional 875 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 acquiring an additional 726 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of MaxLinear during the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in shares of MaxLinear during the fourth quarter valued at approximately $27,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of MaxLinear by 16.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 217 shares in the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.

MaxLinear Trading Up 7.5%

MXL opened at $74.57 on Friday. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of -62.66 and a beta of 3.93. The company’s 50 day simple moving average is $72.81 and its two-hundred day simple moving average is $61.79. MaxLinear, Inc has a 1-year low of $12.77 and a 1-year high of $128.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.78 and a quick ratio of 1.15.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $168.85 million during the quarter, compared to analyst estimates of $164.64 million. During the same period in the prior year, the business earned $0.02 earnings per share. The business’s revenue was up 55.2% compared to the same quarter last year. Analysts expect that MaxLinear, Inc will post 0.78 EPS for the current fiscal year.

Analyst Ratings Changes

MXL has been the topic of a number of research analyst reports. Needham & Company LLC lifted their price target on MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Susquehanna increased 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. Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a report on Friday, July 17th. Wells Fargo & Company lifted their target price on shares of MaxLinear from $42.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Finally, Roth Capital upped their target price on shares of MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MaxLinear currently has a consensus rating of “Hold” and a consensus target price of $85.00.

Insiders Place Their Bets

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

MaxLinear Company Profile

MaxLinear, Inc is a fabless semiconductor company that designs and develops high-performance analog and mixed-signal integrated circuits. Its products are used in broadband communications, wired and wireless infrastructure, data center, networking, and industrial applications.

The company’s portfolio includes solutions for broadband access and connectivity, including cable and fiber-optic infrastructure, Ethernet and high-speed interconnects, optical communications, power management, interface products, and embedded processors.