Hodges Capital Management Inc. Has $8.28 Million Stock Position in MaxLinear, Inc $MXL

Hodges Capital Management Inc. lowered its position in shares of MaxLinear, Inc (NASDAQ:MXL) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 475,111 shares of the semiconductor company’s stock after selling 9,055 shares during the quarter. Hodges Capital Management Inc.’s holdings in MaxLinear were worth $8,281,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of MaxLinear by 161.7% during the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 875 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in MaxLinear in the 4th quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in MaxLinear in the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC increased its position in MaxLinear by 97.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Quarry LP increased its position in MaxLinear by 1,293.0% in the 3rd quarter. Quarry LP now owns 2,187 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,030 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

Insider Activity at MaxLinear

In other news, insider Connie H. Kwong sold 35,000 shares of MaxLinear stock in a transaction that occurred 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 sale, the insider owned 13,947 shares in the company, valued at $1,352,301.12. The trade was a 71.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas E. Pardun sold 11,000 shares of MaxLinear 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 sale, the director owned 55,252 shares of the company’s stock, valued at approximately $5,801,460. This represents a 16.60% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 65,168 shares of company stock valued at $5,559,359. 7.70% of the stock is owned by corporate insiders.

MaxLinear Trading Down 0.9%

MXL opened at $71.95 on Thursday. MaxLinear, Inc has a 1-year low of $11.63 and a 1-year high of $106.28. The firm has a 50-day moving average price of $63.13 and a two-hundred day moving average price of $33.74. 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 $6.44 billion, a PE ratio of -47.34 and a beta of 3.98.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings results on Thursday, April 23rd. The semiconductor company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. MaxLinear had a negative net margin of 25.96% and a negative return on equity of 2.33%. The company had revenue of $137.19 million during the quarter, compared to analysts’ expectations of $137.15 million. During the same quarter in the previous year, the company earned ($0.05) EPS. MaxLinear’s revenue was up 43.0% on a year-over-year basis. As a group, equities analysts anticipate that MaxLinear, Inc will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MXL. Stifel Nicolaus restated a “buy” rating and issued a $105.00 price objective (up from $49.00) on shares of MaxLinear in a research report on Wednesday, June 3rd. Susquehanna restated a “neutral” rating and issued a $30.00 price objective on shares of MaxLinear in a research report on Monday, April 20th. Benchmark began coverage on shares of MaxLinear in a research report on Wednesday, May 27th. They issued a “buy” rating and a $125.00 price objective for the company. Roth Mkm upgraded shares of MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $40.00 price objective on shares of MaxLinear in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, MaxLinear has a consensus rating of “Hold” and an average price target of $65.00.

About MaxLinear

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.