Pure Financial Advisors LLC Purchases Shares of 81,676 MaxLinear, Inc $MXL

Pure Financial Advisors LLC purchased a new position in MaxLinear, Inc (NASDAQ:MXL) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 81,676 shares of the semiconductor company’s stock, valued at approximately $1,424,000.

Several other institutional investors have also recently made changes to their positions in MXL. Invesco Ltd. lifted its position in shares of MaxLinear by 419.9% during the 4th quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock valued at $37,467,000 after buying an additional 1,736,141 shares in the last quarter. Paradigm Capital Management Inc. NY grew its stake in shares of MaxLinear by 582.7% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 861,000 shares of the semiconductor company’s stock valued at $15,007,000 after acquiring an additional 734,875 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of MaxLinear by 27.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock valued at $41,054,000 after acquiring an additional 628,719 shares during the period. Defiance ETFs LLC purchased a new stake in MaxLinear in the 4th quarter worth approximately $10,944,000. Finally, Vanguard Group Inc. increased its holdings in MaxLinear by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock worth $232,279,000 after acquiring an additional 605,903 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

Insider Activity at MaxLinear

In other news, Director Thomas E. Pardun sold 11,000 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 55,252 shares in the company, valued at approximately $5,801,460. This represents a 16.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Connie H. Kwong sold 35,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $96.96, for a total transaction of $3,393,600.00. Following the completion of the transaction, the insider directly owned 13,947 shares of the company’s stock, valued at approximately $1,352,301.12. This trade represents a 71.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,168 shares of company stock worth $5,559,358 over the last ninety days. Insiders own 7.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MXL. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $40.00 price target on shares of MaxLinear in a report on Friday, April 24th. Northland Securities set a $110.00 price objective on shares of MaxLinear in a research note on Wednesday, June 3rd. Loop Capital upgraded shares of MaxLinear from a “hold” rating to a “buy” rating and raised their price objective for the company from $17.00 to $75.00 in a research report on Wednesday, April 29th. Susquehanna restated a “neutral” rating and set a $30.00 target price on shares of MaxLinear in a research note on Monday, April 20th. Finally, Roth Mkm raised shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MaxLinear currently has an average rating of “Hold” and an average target price of $65.00.

MaxLinear Stock Performance

Shares of MXL stock opened at $88.76 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of -58.39 and a beta of 3.98. MaxLinear, Inc has a 12-month low of $12.73 and a 12-month high of $106.28. The stock’s 50-day moving average price is $72.57 and its 200-day moving average price is $37.07.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $137.19 million during the quarter, compared to analyst estimates of $137.15 million. MaxLinear had a negative return on equity of 2.33% and a negative net margin of 25.96%.The firm’s revenue was up 43.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share. Equities research analysts predict that MaxLinear, Inc will post 0.52 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.